05/23/2025
Happy Memorial Day from Paragon
From our families to yours, we wish you a well-deserved Memorial weekend. Take this time to relax, spend it with loved ones, and reflect on the bravery and sacrifice of those who chose to serve and protect our country. Their courage and dedication will never be forgotten. And, of course, if you need some reading materials for a long weekend, as always, we’ve got you covered.
A WISE (risk) Decision
Paragon’s Reel Media just teamed up with WISE Risk, a top player in event and entertainment coverage. Founded by industry veteran Steve Perlini, WISE Risk specializes in everything from event cancellations to sports disability insurance.
This acquisition combines expertise to deliver even better, tailored coverage for the entertainment, sports and live events industries. With demand for event insurance on the rise, this dynamic duo is ready to take things to the next level. Exciting times ahead!
New Energy Risk’s New CEO
Paragon’s New Energy Risk (NER), a leader in technology performance insurance for energy transition projects, has appointed George Schulz as its new CEO, effective June 1.
Schulz, previously Managing Director of Program Development, brings deep expertise in renewable energy and sustainable technologies. He succeeds Tom Dickson, who led NER for over a decade, unlocking financing for transformative projects.
Schulz aims to expand NER’s innovative risk solutions, continuing its mission to support impactful technologies. Learn more about NER’s pioneering work in breakthrough technology insurance at newenergyrisk.com.
The MGA Boom get Boomier
The MGA boom just keeps on booming. As Gallagher Re laid out in a report this week, premiums are pushing $100 billion, fronting carriers are on fire, and underwriting talent keeps flocking to MGAs for equity, speed and fewer corporate guardrails.
Foregone Forecasting
The insurance industry was just dealt a quiet blow. According to the latest from Bloomberg, the NOAA: National Oceanic & Atmospheric Administration has “retired” its billion-dollar disaster database — the public tool tracking, in near real time, the costliest climate and weather events across the United States.
Work Comp Streak
Eight years in a row! That’s the current streak of profitability that workers’ comp is enjoying, capping off the impressive run with a combined ratio of 86, according to the NCCI 2025 State of the Line report. But there’s a bit more brewing under the surface:
Keep it Reel Canada
Reel Media’s Canada division has a fresh new face. Check out everything Reel offers in Canada and the heart of their film and TV production centers.
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