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Divestiture • Insurance

Paragon Acquires Trident Public Risk Solutions

On May 4, 2020, Paragon acquired insurance company Trident Public Risk Solutions from Argo Group

Acquisition Context
  • This is Paragon’s 2nd transaction in the Insurance sector.
  • This is Paragon’s 3rd transaction in the United States.
  • This is Paragon’s 2nd transaction in Texas.

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M&A Deal Summary
Date May 4, 2020
Target Trident Public Risk Solutions
Sector Insurance
Buyer(s) Paragon
Sellers(s) Argo Group
Deal Type Divestiture

Target Company

Trident Public Risk Solutions

San Antonio, Texas, United States
Trident Public Risk Solutions provides insurance products and risk management solutions for public-sector entities such as counties, municipalities, schools, special districts, and governmental inter-local pools. Its product lines include general liability, automobile liability and physical damage, property, inland marine, crime, public officials’ liability, educators’ legal liability, employment practices liability, law enforcement liability, and umbrella liability. It operates through a distribution network of national brokerages and local agencies. Trident Public Risk Solutions was formed in 2000 and is based in San Antonio, Texas.
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Buyer Overview 1

Buyer

Paragon

Avon, Connecticut, United States
Category Company
Founded 2014
Sector Insurance
DESCRIPTION

Paragon provides unique opportunities and solutions to retail agents, insurance carriers, reinsurers and vendor partners. Paragon was founded in 20154 and is based in Avon, Connecticut.

Deal Context for Buyer #
Overall 4 of 4
Sector: Insurance 2 of 2
Type: Divestiture 2 of 2
State: Texas 2 of 2
Country: United States 3 of 3
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Argo Group - Landscapers Program

Pembroke, Bermuda

Argo Group - Landscapers Program is a provider of insurance services.

Buy -

Seller Profile 1

SELLER

Argo Group

Pembroke, Bermuda
Category Company
Founded 1986
Sector Insurance
Employees1,206
Revenue 1.8B USD (2022)
DESCRIPTION

Argo Group offers a full line of products and services designed to meet the unique coverage and claims-handling needs of businesses. Argo Group was founded in 1986 and is based in Pembroke, Bermuda.

Deal Context for Seller #
Overall 2 of 3
Sector: Insurance 2 of 3
Type: Divestiture 2 of 3
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2020 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Argo Group - Landscapers Program

Pembroke, Bermuda

Argo Group - Landscapers Program is a provider of insurance services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Ariel Re

Hamilton, Bermuda

Ariel Re is a reinsurance company based in Bermuda that underwrites a global portfolio of insurance and reinsurance business through offices in London, Bermuda, Atlanta and Kansas City. Ariel Re was founded in 2005 and is based in Hamilton, Bermuda.

Sell -

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