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National multi-line managing general agent (MGA), Paragon Insurance Holdings LLC, has entered into a partnership with Ascot Group, which is set to leverage both of the organisations strengths and capacities.
In its first program partnership, Ascot will support Paragon’s public entity casualty insurance program, Trident Public Risk Solutions (Trident).
Ultimately, this collaboration will combine Paragon’s experience in tailored underwriting and specialty insurance with Ascot’s extensive global portfolio.
Ron Ganiats, CEO of Paragon, said: “We are excited to partner with Ascot on the Trident business. With Ascot’s breadth of capabilities, and the strategic approach to trading relationships, we see Trident as our first of what will ultimately become a large and diversified trading partnership.”
Matt Kramer, CEO of Ascot U.S, commented “Ascot forms strategic partnerships with discerning MGA/MGUs such as Paragon because we understand the value of their specific underwriting technology and capabilities to fill unique coverage needs in the market. We look forward to beginning our partnership on Trident’s Casualty program as we work together to deliver client solutions.”
Ascot recently announced the establishment of a new parametric insurance capability to complement its Property offering.
In related news, Paragon recently expanded its use of Kalepa’s AI-powered Copilot underwriting platform to four additional programs.
In 2022, Paragon acquired Reel Media, LLC, a insurance solutions provider for the broader entertainment and sports industries.
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