Paragon attracts Epic-Oak Hill investment
Paragon Insurance Holdings, a multi-line specialty managing general agency (MGA), said Jan. 29 that Edgewood Partners Insurance Center (EPIC) and Oak Hill Capital Partners have acquired an equity stake in the company.
The investment from EPIC and Oak Hill will further propel Paragon’s organic and M&A growth strategies and create greater opportunity for Paragon's agency, carrier and reinsurance trading partners, according to the statement.
"Winning in this environment is a function of talent, capability, vision and commitment," said Ron Ganiats, CEO of Paragon. "We are delighted to have strong new partners like EPIC and Oak Hill, who will help us to further build on this foundation of beliefs and values, for the benefit of all Paragon trading partners and our own team members."
Avon, Connecticut-based Paragon was formed in 2014 by Ron Ganiats and Ron Mairano. It has 15 programmes, controlled premiums of more than $125 million.
Oak Hill had already acquired a controlling stake in EPIC Insurance Brokers in July 2017.
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