New Paradigm unveils Lloyd’s-backed parametric terrorism product
June 14th, 2023
Parametric insurtech New Paradigm Underwriters has brought a terrorism product to market supported by capacity from Aegis and Talbot Underwriting which has already gained traction with clients including music venues, hotels and retail operations, Program Manager can reveal.
New Paradigm Underwriters Welcomes Francesca Finucane to its Underwriting Team
June 9th, 2023
New Paradigm Underwriters, LLC (“NPU”), a leading parametric insurance solution underwriter, is pleased to announce the appointment of Francesca Finucane as Assistant Vice President of Business Development. Ms. Finucane brings with her a wealth of experience and expertise in the insurance industry to NPU.
New Paradigm Underwriters, LLC Announces New Facility for Terrorism PM®
May 5, 2023
New Paradigm Underwriters, LLC, a leading provider of parametric insurance products and risk management solutions, is proud to announce the launch of their new Terrorism PM® facility. This facility is designed to offer clients unique coverage options for acts of terrorism and sabotage that often were previously excluded from traditional insurance policies. The company has partnered with global insurers at Lloyd’s of London, to provide clients with comprehensive terrorism coverage options that help mitigate the financial impact of these devastating terroristic events.
New Paradigm’s Groenheide set to launch embedded parametric technical MGU
February 28, 2023
New Paradigm Underwriters and its director of specialty insurance programs Mark Groenheide are in the market securing reinsurance for the launch of a new technical MGU called Conductive Underwriters, which will provide all-risk coverage including embedded parametric insurance.
Industry Veteran Mark Groenheide Joins New Paradigm Group
February 17, 2022
New Paradigm Group, LLC (“New Paradigm”) today announced that insurance industry veteran Mark Groenheide has joined the organization as Senior Vice President & Director of Specialty Insurance Programs. In this role, Groenheide will lead a specialty unit dedicated to enhancing New Paradigm’s initiatives for aligning parametric risk transfer options with protection buyers’ traditional insurance or reinsurance programs.