Paragon Insurance Holdings

What Paragon Insurance Holdings does

Paragon Insurance Holdings is a privately held national multi-line specialty Managing General Agency (MGA) founded in 2014 and headquartered in Avon, Connecticut, operating as a subsidiary of Galway Holdings. The company underwrites and binds insurance on behalf of more than 35 carrier partners — including Nationwide, Arch Insurance, Falls Lake, Accredited Surety, Clear Spring, SAIC, and Lloyd's of London — distributing exclusively through licensed retail and wholesale brokers across the United States. Its portfolio spans 20+ programs organized into three branded sub-segments and a portfolio of niche specialty programs. Trident Public Risk Solutions serves municipalities, public water/wastewater utilities, counties, and public schools. Reel Media handles entertainment, film, television, sports, motorsports, and leisure risks. New Energy Risk provides technology performance insurance for clean energy and low-carbon infrastructure projects and operates as a Lloyd's coverholder. The company's core E&S book includes Paragon Specialty Property (offering $125M net and treaty capacity for midsize to large property accounts including CAT-exposed risks) and E&S Casualty (construction, products, and general liability, backed by Canopius US Insurance with supported and unsupported excess limits up to $5M). Niche programs cover wineries (WineRe), golf courses, timber, party/equipment rental, precision manufacturing, and multi-state workers' compensation.

The company has built its underwriting operations on a narrow distribution model emphasizing broker relationships forged over decades and specialty program expertise, augmented by Kalepa's Copilot underwriting workbench deployed across the E&S Casualty book to digitize submission triage and risk analysis. It has executed a deliberate platform-building strategy through acquisitions: Alteris portfolio programs (BreweryPlus, WineRe, WineryPlus, North American Timber) in 2017, Trident Public Risk Solutions from Argo Group in 2020, and New Energy Risk in 2022 — supplemented by equity investment from Edgewood Partners Insurance Center (EPIC) and Oak Hill Capital Partners in January 2018. The company employs 300+ people as of 2023 data, with offices in Avon (CT), Carlsbad (CA), and New York (NY), plus remote team members in over 30 states, and maintains SOC 2 Type 2 compliance.

Revenue is generated through insurance underwriting premiums on policies bound through carrier partnerships, with economics shared between Paragon (as MGA) and the capacity-providing carriers. Pricing is quote-based and tailored to individual risk profiles rather than standardized tiers, and contracts are structured on multi-year bases. The distribution model — exclusively through licensed brokers — means Paragon does not transact directly with insurance buyers; instead it provides carrier access, specialty underwriting expertise, and program stability to its broker network in exchange for commission and fee economics on premium flow. The most recent strategic actions — a 2026 alliance between Reel Media and Allianz Commercial to manage global Entertainment underwriting and a Lloyd's coverholder arrangement between New Energy Risk and OAK Global for tax credit insurance — signal an explicit pivot toward international and London-market presence beyond the historical U.S. specialty franchise.

Name

Paragon Insurance Holdings

Legal name

Paragon Insurance Holdings, LLC

Website

https://paragoninsgroup.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Paragon Insurance Holdings is a privately held national multi-line specialty Managing General Agency founded in 2014, underwriting through 35+ carrier partners and distributing exclusively via licensed brokers across the United States. It serves public entities, entertainment, clean-tech, and E&S property/casualty markets through branded sub-segments including Trident, Reel Media, and New Energy Risk.

Ownership category

akta.pro rank

Product category

Specialty Insurance (Managing General Agency)

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers (5241)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Specialty insurance
• Managing general agency
• Excess surplus lines
• Public entity insurance
• Entertainment insurance

Headquarters

HQ city

Avon

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Insurance Underwriting Premiums: Paragon operates as an MGA, writing all commercial lines of insurance across more than 20 programs. Revenue is generated through insurance premiums collected on policies underwritten through carrier partnerships.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Paragon Insurance Holdings is a national multi-line specialty Managing General Agency (MGA) that underwrites commercial insurance through licensed brokers. It writes broad classes for casualty E&S, layered and shared property E&S, and workers' compensation alongside a portfolio of niche programs (wineries, golf courses, timber, party rental, precision manufacturing) and three specialty brands — Trident Public Risk Solutions (public sector), Reel Media (entertainment/sports), and New Energy Risk (clean energy/technology performance insurance). Distribution is exclusively via a narrow broker channel backed by 35+ carrier partners.

Product overview

Paragon Insurance Holdings is a national Managing General Agency (MGA) offering a portfolio of specialty insurance products organized as a platform of core E&S lines plus branded sub-segments and niche programs. Core offerings include E&S Property Insurance (Paragon Specialty Property) providing $125M net and treaty capacity for midsize to large property accounts, E&S Casualty Insurance backed by Canopius US Insurance with supported and unsupported excess up to $5M, and Small Commercial Insurance for hard-to-place E&S risks. The portfolio is extended through three specialty brands: Trident Public Risk Solutions (insurance/risk management for municipalities, schools, and public utilities with a risk control division), Reel Media (entertainment, film, TV, sports, and motorsports MGA with a strategic Allianz Commercial partnership), and New Energy Risk (technology performance insurance for clean energy and breakthrough technology projects, operating as a Lloyd's coverholder). Niche programs provide specialized coverage for golf courses, wineries (WineRe™), North American timber, party/equipment rental, precision manufacturing, and multi-state workers' compensation. The company partners with 35+ carrier partners including Nationwide, Arch Insurance, Falls Lake, Accredited Surety, Clear Spring, SAIC, and Lloyd's.

Differentiator

Problem solved

Functional benefit

Brands

• Trident Public Risk Solutions: Insurance and risk management solutions for public sector entities including municipalities, schools, and public utilities
• Reel Media
• New Energy Risk
• Paragon Specialty Property
• WineRe
• Reel Racing

Products and services

• Trident Public Risk Solutions Insurance and risk management solutions for municipalities, public water/wastewater utilities, counties, and public schools, delivered via national brokerages and local agencies. Includes a risk control division with free online training through LocalGovU, public entity resource libraries, TRUCE telematics for distracted driving prevention, and builder's risk insurance.
• Reel Media Entertainment, film, television, sports, motorsports, and leisure Managing General Agent offering specialized property, casualty, and contingency products. Operates the Reel Racing NASCAR Xfinity Series motorsports program and as of April 2026 manages Allianz Commercial's global Entertainment underwriting portfolio.
• New Energy Risk Pioneer of large-scale breakthrough technology performance insurance for complex clean energy and low-carbon infrastructure projects. Bridges technology innovators, financiers, and insurers and provides tax credit insurance products for U.S. clean energy financing. Operates as a Lloyd's coverholder through Paragon Insurance Group underwritten by Syndicate 2843 (OAK Reinsurance).
• E&S Property Insurance (Paragon Specialty Property) E&S property insurance delivering industry-leading capacity, expert underwriting, and innovative technology for midsize to large property accounts. Offers $125M net and treaty capacity including CAT-exposed risks, non-admitted paper through exclusive E&S market partnerships, and coverage for large complex property, soft occupancy, industrial, and agricultural risks nationwide.
• E&S Casualty Insurance E&S casualty insurance program offering tailored solutions for primary and excess liability for construction, products, and premise-related general liability risks. Backed by Canopius US Insurance (A- | XII), offering supported excess limits up to $5M and unsupported excess up to $5M with dedicated claims team.
• Small Commercial Insurance Excess and surplus lines small commercial insurance offering capacity for hard-to-place small commercial business risks.
• Workers' Compensation Exclusive multi-state workers' compensation program underwritten by an in-house team of experts, offered as part of Paragon's niche programs lineup alongside winery, golf course, timber, party equipment, and precision manufacturing programs.
• Golf Course & Country Club Program Specialty insurance program covering golf courses and country clubs, including grounds and greens coverage and errant golf ball coverage for courses, clubs, ranges, shops, and management companies.
• WineRe™ Winery Insurance Program Specialty insurance program for wineries, providing coverage tailored to the unique risks of wine producers.
• North American Timber Program Specialty insurance program for timber operations across North America.
• Party & Equipment Rental Specialty insurance program for party and equipment rental operators, addressing the unique liability and property risks associated with event and rental equipment businesses.
• Precision Manufacturing Insurance Comprehensive precision manufacturing insurance program offering 10 lines of coverage across 39+ states with broad capacity and specialized E&O coverage for eligible classes.

Quantifiable outcome

• Over $3 billion in capital raised by New Energy Risk clients for clean energy projects
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• OAK GlobalcoreStrategic or Co-development Partner · 1 May 2026OAK Global and New Energy Risk announced a Lloyd's Coverholder Arrangement for Tax Credit Insurance. OAK Global sponsored NER's application and will underwrite the business through Syndicate 2843 (OAK Reinsurance) as part of its Transition TCX class. The coverholder appointment was granted via NER's parent company Paragon Insurance Group on April 1, 2026, authorizing NER to underwrite and bind insurance on behalf of Lloyd's syndicates.
• Allianz CommercialcoreStrategic or Co-development Partner · 5 March 2026Allianz Commercial entered into a strategic agreement with Reel Media (wholly owned subsidiary of Paragon Insurance Holdings) to manage Allianz's global Entertainment underwriting business effective April 1, 2026. The partnership involves the transfer of Allianz's 12-person Entertainment underwriting team to Reel Media, combining Reel Media's technical expertise with Allianz's film, production, events, and sports insurance portfolio. Both companies described the partnership as positioning them to establish a strong combined international market presence in the Entertainment insurance sector.
• NationwidecoreStrategic or Co-development PartnerNationwide and Paragon entered an exclusive underwriting agreement for brokerage layered and shared property business. Paragon delivers Nationwide's layered and shared property capacity to the market via a program manager model. The partnership optimizes growth and profitability of this book of business through Nationwide's existing wholesale distribution channel.
• KalepacoreTechnology or IntegrationParagon deployed and expanded Kalepa's Copilot underwriting workbench across their E&S Casualty book of business. Copilot digitizes and triages every submission, provides in-depth analysis of risk exposures and controls, and supports prompt and extraordinary service to broker partners.
• LocalGovUminorImplementation/ SI/ Consulting PartnerThrough its partnership with LocalGovU, Trident Public Risk Solutions provides free online training for public entity employees with more than 150 courses available covering corrections, customer service, financial management, health and wellness, HR, IT, law enforcement, management, productivity, and safety.
• Canopius US InsurancecoreChannel Partner/ Reseller/ DistributorParagon's E&S Casualty program is backed by partnership with Canopius US Insurance (A- | XII), providing capacity for excess and surplus casualty offerings including occurrence or claims-made policies, supported excess limits up to $5M, and dedicated claims team through Rockville Complex Casualty Unit.
• Lloyd's of LondoncoreChannel Partner/ Reseller/ DistributorParagon Insurance Holdings was approved as a coverholder for Lloyd's of London in June 2016, enabling access to Lloyd's global network of expert brokers and local underwriters to help customers access Lloyd's markets.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Amwins Group: Largest US specialty MGA and wholesale broker with broad E&S property/casualty programs and abundant carrier relationships - directly comparable to Paragon as a multi-line specialty MGA platform, though much larger.
• Risk Placement Services (RPS): National wholesale broker and MGA writing E&S casualty, property, and specialty lines through broker distribution; a direct MGA platform peer in size and product breadth.
• CRC Group: Wholesale distributor and specialty MGA platform producing E&S and specialty solutions across admitted and non-admitted lines through retail brokers - a direct MGA platform peer.
• Ascot Group: Specialty insurer and Lloyd's market participant underwriting E&S property, casualty, and political risk globally; comparable as a specialty underwriting platform with Lloyd's coverholder capabilities.

Direct peers

• Burns & Wilcox: National specialty insurance MGA/wholesaler delivering property, casualty, professional liability, and personal lines through retail agents; closely comparable in distribution model and specialty focus.
• Jencap Specialty Insurance Services: Specialty wholesale insurance distributor and program manager providing E&S and admitted specialty solutions through agents and brokers - a direct MGA model peer.
• ARC Group (ARC Excess & Surplus): E&S specialty MGA focused on casualty, property, professional liability and specialty programs distributed through retail brokers; comparable in E&S product mix and broker channel.

Emerging players

• Westhill Insurance Group: Multi-platform specialty MGA group writing niche programs (builders risk, restaurants, contractors) distributed through retail agents - smaller scale but comparable niche-program and aggregator MGA model.
• Skyward Specialty Insurance Group: Specialty P&C insurer and program manager writing E&S and admitted specialty lines with multi-channel distribution including MGA partners - comparable in specialty underwriting and program management.
• Moxie Risk Management: Boutique specialty MGA deploying program manager model for niche commercial lines through retail brokers; comparable in scale and MGA-aggregator playbook though smaller in headcount.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ParagonInsuranceHoldings
• LinkedInlinkedin.com/company/paragon-insurance-holdings-llc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paragon Insurance Holdings