Paragon appoints president for new contingency practices business

The new practice launches amid severe impacts to the contingency space from COVID-19

Paragon appoints president for new contingency practices business

Insurance News

By Ryan Smith

Paragon Insurance Holdings, a national multiline specialty managing general agent, has announced the appointment of Christian Phillips as president of its newly created Paragon Contingency Practices.

Phillips brings three decades of experience to the role. Prior to joining Paragon, Phillips served for several years at Beazley.

Phillips joins Paragon in a dynamic market environment, as event cancelations related to COVID-19 have severely impacted established contingency underwriters.

“As we continue through the balance of 2021, we expect to see the contingency market rebound,” said Ron Ganiats, co-founder and CEO of Paragon. “We are excited to welcome Christian to the Paragon team to help our clients navigate these improving market conditions.”

The Paragon platform will help bring capacity and coverage options to a contingency insurance market that has seen a great deal of contraction over the past 12 months. Paragon said its solutions will help venues recover in the wake of losses incurred from COVID-related closures, rescheduling and cancelation of local, national and international sporting, entertainment and industry events.

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