New Energy Risk names Schulz CEO

By Chris Munro

May 14 - (The Insurer) - Paragon Insurance Group’s New Energy Risk (NER) has appointed George Schulz as its new CEO following Tom Dickson’s departure to join Oak Re.

Schulz most recently served as NER’s managing director of program development.

He joined NER in 2022 from Ariel Re, where he latterly served as Americas clean energy leader.

Schulz’s career also includes stints at Argo, Munich Re and Nomura Securities.

NER said Schulz has played an important role in expanding the clean energy-focused MGA's underwriting capabilities and creating custom risk solutions.

At NER, he has helped develop new offerings across emerging sectors such as renewable energy, sustainable fuels and infrastructure tech.

Paragon CEO Ron Ganiats described Schulz as “an innovator of technology performance insurance since its inception”, and said he is “uniquely suited to advance NER’s value proposition”.

NER was founded in 2010 by former RMS and White Mountains Re CEO Tom Hutton in partnership with XL Group.

In 2015, XL formed insurtech venture fund XL Innovate and NER became its first portfolio company.

NER was operating as a majority-owned subsidiary of Axa under its Axa XL brand when it was acquired by Paragon in 2022.