BNET Industries
Last Fiscal Year Sales:$17.5M
- Private
- US
Dow Jones Description
Paragon specializes in providing solutions to operational challenges facing the Property & Casualty insurance and reinsurance industries. We offer a wide range of consulting, recovery and outsource services that leverage proprietary techniques to improve efficiency and enhance financial performance. Clients include many of the world's major insurance and reinsurance companies as well as government entities. Headquartered in Minneapolis, Paragon is a member company of Benfield, the world's leading independent reinsurance and risk advisory business.
President
Mike O'LoughlinNumber of Employees 374
Contact Information
3600 American Blvd W Ste 700
Minneapolis, Minnesota 55431
1 952 886 8016
Peer Companies
NAICS Code Other Direct Insurance (except Life, Health, and Medical) Carriers: 524128
News & Analysis
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paragon strategic solutions inc. - All News and Analysis
The 500 Reinsurance Hats of Bartholomew Cubbins
Like the half-pint hero in Dr. Seuss' early children's classic, reinsurance professionals have a seemingly endless number of hats to wear. Even for those of us who are hardwired in finance, accounting and IT, there is always more to learn. That's why forums like the IASA Educational Conference are so...
Falling between the cracks; Gaps in the system are making it hard for insurers to track reinsurance money.(Cover Focus: Reinsurance Strategies)
Byline: Rupal Parekh Insurers planning to invest in reinsurance processing technology should do so only if they plan to invest accordingly in adequately staffing, and training the users of those systems. While moving from manual ceded reinsurance processes to automated systems...
How to win at the reclaim game: mining old reinsurance policies for unrecovered claims can yield millions of dollars for insurance companies who bother to look
By mining old reinsurance policies for unrecovered claims, insurance companies can collect millions of dollars, additional revenue that goes directly to the bottom line. Unearthing those hidden claims, however, requires doggedness, dedicated software, specialized expertise and tact. The cause for these uncollected claims can be traced to the very...
U.S. Treasury Department Selects Benfield Subsidiary Paragon as Administrator of the Terrorism Risk Insurance Program
Business Editors WESTPORT, Conn.--BUSINESS WIRE--April 28, 2004 Benfield, the world's leading independent reinsurance intermediary, announced today that the U.S. Treasury Department selected its subsidiary Paragon Strategic Solutions Inc., a premier provider of reinsurance administration and asset recovery services, as the Administrator and Statistical Agent for the Terrorism Risk...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Mike O'Loughlin | President |
| Frank Sugrue | Senior Vice President |
| Eric Jacobs | Vice President, Sales |
| Greg Hodgson | Director of Reinsurance |
| Joel Kratzer | Corporate Accounting Manager |
| Kenneth Zieden-Weber | Program Controller |
| Kristi Wilts | Senior Vice President, Controller, Finance & Administration |
| Leland Beman | Assistant Controller |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Jesper Groenvold | Executive Chairman |
Mike O'Loughlin is President of Paragon Asset Recovery Services, a subsidiary of Paragon. His primary responsibility is managing Paragon's Third Party Deductible (TPD) identification and recovery operations. Mike joined the organization in 2000. Mike has held various positions and roles in the property and casualty industry since 1974 and also founded two insurance related companies. He brings to Paragon experience in information systems and information technology analysis and management, finance, strategic and operational planning and national account sales management. Mike earned a Bachelor of Science degree in Business Administration from the University of Massachusetts. He holds the following industry designations: Chartered Property and Casualty Underwriter (CPCU), Chartered Life Underwriter (CLU), Chartered Financial Consultant (ChFC), Associate in Risk Management (ARM) and Associate in Research and Planning (ARP).
| Organization | Position | Status |
|---|---|---|
| Paragon Strategic Solutions Inc | President | Current |
| Organization | Position | Status |
|---|---|---|
| Paragon Strategic Solutions Inc | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Paragon Strategic Solutions Inc | Vice President, Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Paragon Strategic Solutions Inc | Director of Reinsurance | Current |
| Organization | Position | Status |
|---|---|---|
| Paragon Strategic Solutions Inc | Corporate Accounting Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Paragon Strategic Solutions Inc | Program Controller | Current |
Paragon has more than 100 dedicated professionals located in offices throughout the country. Our people bring a level of real-world experience in reinsurance and asset recovery services that positions us as a leader in the industry. Paragon's leadership team consists of industry professionals with expertise in insurance, reinsurance, systems, accounting, finance, and operations. Our managers average 20 years of experience in the industry, and our employees average nine. We continually monitor marketplace trends to better understand and address emerging developments. In addition, many of our professionals hold industry certifications that directly relate to our core competencies, such as CPA, CPCU, AIAF, AIC, AIR, AIS, ARe, ARM, ChFC, CLU, and CWCP.
| Organization | Position | Status |
|---|---|---|
| Paragon Strategic Solutions Inc | Senior Vice President, Controller, Finance & Administration | Current |
| Optimum RE Corporation | Analyst | Former |
| Organization | Position | Status |
|---|---|---|
| Paragon Strategic Solutions Inc | Assistant Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Paragon Corporation | Chief Executive Officer | Current |
| Benfield Group plc | Current | |
| Paragon Strategic Solutions Inc | Executive Chairman | Current |
| GE Insurance Solutions | Chief Investment Officer | Former |
| GE Insurance Solutions | Executive Vice President | Former |
| Benfield | Former | |
| Harvard Corporation | Former | |
| General Electric Capital Corporation | Former | |
| Copenhagen Business School | B.S. Degree | Former |
| Copenhagen Business School | Degree In Finance | Former |
| INSEAD | Former |
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