Highstreet Insurance Partners acquires Michigan-based Paragon Underwriters
Highstreet Insurance coverage Companions (HSIP) has revealed its acquisition of Michigan-based Paragon Underwriters.
Paragon Underwriters is a program supervisor specializing in serving attorneys and regulation companies.
“We’re delighted to have Paragon Underwriters be a part of our Specialty Danger group of companies at Highstreet,” stated HSIP founder and CEO Scott Wick. “Paragon Underwriters brings their authorized insurance coverage experience, coupled along with an unique skilled legal responsibility program offering higher protection to our regulation agency shoppers.”
Wick added that the partnership with Paragon will strengthen HSIP’s efforts in “bringing distinctive experience to [its] authorized providers vertical.”
“We’re excited to hitch Highstreet, and develop our attain, serving the regulation group,” commented Paragon Underwriters president David Lipson. “Our experience mixed with the prevailing Highstreet authorized trade focus will permit us to develop the first-class protection offered to our shoppers in the present day and tomorrow.”
Paragon Underwriters is HSIP’s twenty ninth transaction for 2022. A launch stated that HSIP has at present accomplished 125 transactions since its formation in 2018.
Learn extra: Insurance M&A deals up in Q2
Monetary advisory agency Sica | Fletcher ranked HSIP as one of many second most energetic insurance coverage brokerage acquirers within the second quarter of 2022. HSIP is joined by Acrisure and Hub Worldwide in second place. The three are surpassed by PCF, which had managed to shut 54 offers in Q2 2022 to earn first place.
