Nationwide and Paragon enter underwriting agreement to offer layered & shared propertyMarch 15, 2021
Nationwide and Paragon are partnering to deliver Nationwide’s layered and shared property capacity to the market via a program manager model
SCOTTSDALE, Arizona – Nationwide’s excess and surplus business and Paragon Insurance Holdings, LLC, are entering an exclusive underwriting agreement for brokerage layered and shared property business and operations to grow and accelerate Nationwide’s offerings in the excess and surplus property market. Paragon is a highly successful and specialized program manager that writes niche products. The brokerage property program will continue to be delivered through Nationwide’s existing wholesale distribution channel. Nationwide and Paragon anticipate this partnership will facilitate optimizing the growth and profitability of this book of business.
“Partnering with Paragon will enable Nationwide to expand its footprint in the layered and shared property market,” said Tom Jurgens, Nationwide SVP E&S Brokerage. “They bring a solutions-driven approach backed by expertise, data and analytics which will drive growth.”
“The Paragon team is excited to be partnering with Nationwide in the layered and shared property market,” said Ron Ganiats, CEO and co-founder of Paragon. “Nationwide is a recognized market leader and we look forward to working with the talented underwriting team and existing wholesale brokers to capitalize on attractive growth opportunities.”
As part of one of the largest insurance and financial service providers in the United States, the excess and surplus/specialty team at Nationwide is headquartered in Scottsdale, Arizona, offering property, casualty, personal lines, and specialty insurance coverages and services to organizations of all sizes, from Fortune 100 corporations to small and middle-market companies. Nationwide excess and surplus/specialty products cover unique and unusual classes/coverages for all types of risks and are available through wholesale general agents, brokers and program managers.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess and surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwideexcessandsurplus.com, follow us on Facebook and Twitter.
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Paragon Insurance Holdings, LLC, is headquartered in Avon, Connecticut, and operates as a national MGA. Formed in 2014, the company writes all commercial lines of insurance across more than twenty insurance programs. Paragon’s industry-specific and general underwriting facilities offer insureds, retail agents, carriers, reinsurers and service providers unique product, service, capability, and results. Please visit https://www.paragoninsgroup.com/ for additional information.