Paragon Insurance Holdings, LLC Acquires BreweryPlus, WineRe, WineryPlus, and North American Timber from Alteris Insurance Services, Inc.
October 2, 2017 – Paragon Insurance Holdings, LLC, a national multi-line specialty program manager, today announced it has closed the acquisition of BreweryPlus, WineRe, WineryPlus, and North American Timber businesses from Alteris Insurance Services, Inc., a member of Argo Group International Holdings, Ltd. In conjunction with this acquisition, 22 Alteris employees associated with these programs will join Paragon.
“The integration of the Alteris brewery, winery and timber portfolios with Paragon will diversify our product offerings and strengthen our distribution network,” said Ron Ganiats, Managing Partner, Paragon Insurance Holdings, LLC. “We are pleased to welcome the Alteris employees to our team.”
“The closing of this sale is another step toward simplifying and focusing the structure of Argo Group’s U.S. organization,” said Andy Borst, president, Argo Group U.S. Specialty Programs. “I would like to thank these teams for their time, commitment, and energy in building these programs. I know they will be successful in adding value to the growing business at Paragon Insurance.”
Formed in 2014 as a broadly diversified MGA by leaders with 20+ years of specialty insurance experience, Paragon supports retail agents, insurance carriers and reinsurers with strong underwriting talent, broad capabilities, sophisticated operations and varied business interests. Please visit www.paragoninsgroup.com for additional information.
Alteris Inc. and Alteris Insurance Services, Inc., members of Argo Group International Holdings, Ltd., operate a full-service managing general agency providing a broad spectrum of products and services to brokers and clients throughout the United States. With headquarters in San Francisco and offices in San Antonio and Seattle, our capabilities include program modeling, underwriting administration and capital management.
More About Alteris
Alteris is a member of Argo Group International Holdings Ltd. (NYSE: ARGO), an international underwriter of specialty insurance and reinsurance products in the property and casualty market. Argo Group offers a full line of products and services designed to meet the unique coverage and claims handling needs of businesses in four primary segments: Excess & Surplus Lines, Commercial Specialty, International Specialty and Syndicate 1200.