Paragon Insurance Holdings, a managing general agent, has appointed Maheswaran Sudagar as its chief actuary.  

Sudagar’s role will involve overseeing actuarial operations and collaborating with various teams to support Paragon’s objectives. 

With a fellowship in the Casualty Actuarial Society, Sudagar experience spans insurance and reinsurance across North America, Europe, Australia and the Asia-Pacific region, including his position as senior vice-president and lead actuary at Crum & Forster. 

In his new capacity, Sudagar will direct the actuarial team and offer “strategic insights” to enhance innovation within Paragon.  

His expertise is expected to enhance the company’s proficiency in underwriting, pricing, portfolio management and risk assessment, the company said in a statement.  

Paragon is known for providing specialty commercial insurance solutions through a portfolio of more than 25 programmes.  

Paragon CEO Ron Ganiats said: “Maheswaran shares our vision of combining technical excellence with superior service, and that makes him an exceptional addition to our leadership team. We are confident his deep actuarial knowledge, leadership experience and strategic insight will be invaluable as we continue to expand and refine our insurance programmes.” 

Sudagar stated: “I am excited to join Paragon at such a dynamic time in the insurance industry. At its core, Paragon exists to make its partners more successful. By applying actuarial rigor to pricing, risk and portfolio management, I am eager to help reinforce that promise and strengthen the value we deliver to brokers, carriers and reinsurers.” 

In May, Paragon subsidiary Reel Media Insurance Services acquired WISE Risk, known for its niche insurance offerings in the entertainment sector.