New Energy Risk (NER), a specialist managing general underwriter and a wholly owned division of Paragon Insurance Group, has announced the promotion of George Schulz to Chief Executive Officer (CEO), effective June 1.
Schulz will be succeeding outgoing CEO Tom Dickson, who is departing the company after more than a decade in charge.
In his new role, the executive will be responsible for building upon NER’s strong foundation and focus on broadening its risk solutions to facilitate the advancement of impactful technologies across all phases of their lifecycle.
Schulz brings a wealth of experience to the CEO position, having previously served as NER’s Managing Director of Program Development.
In this role he played a pivotal role in expanding NER’s underwriting capabilities and bringing innovative risk solutions to emerging sectors in renewable energy, sustainable fuels and infrastructure technology.
“George has a deep understanding of our business and a strong vision for where NER can go next,” said Paragon CEO Ron Ganiats. “With his background in financial services and as an innovator of technology performance insurance since its inception, George is uniquely suited to advance NER’s value proposition. He brings a combination of industry expertise and commercial insight, and we’re excited to see him lead NER through its next phase of growth.”
Ganiats also acknowledge the significant contributions Dickson achieved as CEO, stating: “We’re grateful for Tom’s decade of leadership. Under his guidance, NER helped unlock financing for some of the world’s most transformative projects. We wish him the very best in his next chapter.”
Dickson will be joining reinsurance company Oak Re as President, Innovation Strategies.
Commenting on his appointment, Schulz said: “I’m honoured to take on this role. NER has a powerful mission, a unique position in the market and a world-class team that personifies its strong reputation.
“The team and I thank Tom for his leadership from the first policies to securing the ability to write multi-hundred million dollar risks. I look forward to leading the team and working with our valued capacity partners to proactively address the emerging risks and challenges of the energy transition.”
