Negotiated with underwriter to pre-approve additional coverage and conditions routinely requested by a large complex environmental firm's clients. Our effort streamlined the  insurance certificate process, reducing normal turnaround from several days to two hours.

A new client, already pre-approved for bonds in general, called on New Year's Eve afternoon needing a bond for the next business day. Paragon's respected relationship with the underwriter resulted in authorization prior to the holiday, with special delivery of the certificate to a shipping facility, allowing the client to bid the project.

Assisted environmental consultants with development of fixed cost remediation business strategy, subsequent business development and marketing efforts.

Assisted environmental consultant/contractor with implementation of a strategy targeting property acquisition and reuse backed by indemnity supported by specialty environmental insurance.

Assisted developer with acquisition of environmentally impaired property. Addressed insurance carrier responsibility for ongoing remediation project related to a toxic tort settlement and placed new insurance coverage liabilities. Coordinated solution that was acceptable to buyer, seller, lender, past insurance carrier (responsible for ongoing remediation) and current insurance carrier (responsible for future liability). Negotiated a policy that was transferable, making it possible for the developer to re-sell the property. Represented both parties in the successful resale process.

Assisted a multinational buyer in acquisition of a US company with an isolated environmental exposure. With legal counsel, buyer and seller, developed a strategy creating a special purpose LLC to hold the liability. Insured the liability, reduced required escrow from nearly 20 percent of the $45 million deal value, and replaced escrow with an insurance policy that cost less than $200,000. Facilitated closing via telephone connection with insurance carrier to assure binding at the closing. This flexibility was particularity important due to the client.s schedule and the fluid nature of the negotiation/sales agreement.

Assisted management of a US business in buying out facilities and operations (including a highly contaminated site) from European parent company. Worked closely with principals of the acquisition team to structure a liability transfer solution. Reviewed liability assessment strategies and assured that principals fully understood the liability buyout concept. Developed risk transfer and risk management strategies, assisted consultants with liability estimates and facilitated completion.

Assisted a multinational parent company with the estimation of contingent liability in one of its operating groups. Developed and implemented strategy that managed due diligence and negotiations concurrently with several potential buyers. Developed individual risk transfer strategies that were acceptable to each individual buyer. One of the strategies was development of a special purpose LLC that would hold some of the contingent liability separate from the transaction and be backed with a liability buyout program (finite insurance). This was one of the largest liability buyouts at the time. Managed the environmental components and the environmental risk transfer process allowing the deal to close and the parent company to obtain a premium price for the operation.