New Energy Risk Appoints George Schulz as Chief Executive Officer

Tom Dickson to depart after a decade of leadership

New Energy Risk (NER), a wholly owned subsidiary of Paragon Insurance Group and leading provider of customized technology performance insurance solutions for energy transition projects, today announced the promotion of George Schulz to Chief Executive Officer (CEO), effective June 1. Schulz succeeds outgoing CEO Tom Dickson, who is departing the company to explore new opportunities after more than ten years at the helm.

Schulz previously served as NER’s Managing Director of Program Development, a position in which 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 praised Dickson’s contributions: “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.”

As CEO, Schulz will build on NER’s strong foundation and focus on broadening its risk solutions to enable impactful technologies in all phases of their lifecycle.

“I’m honored to take on this role,” said Schulz. “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.”

NER has a track record of delivering industry-leading technology coverage and is expanding its focus to adjacent sectors, including electricity markets, tax credit and feedstock supply.

About New Energy Risk

New Energy Risk is a pioneer of large-scale, breakthrough technology performance insurance solutions. The company provides complex risk assessment and serves as a bridge between technology innovators, financiers, and insurers. Insurance policies are administered through New Energy Risk affiliate, Complex Risk and Insurance Associates, LLC, CA License #0I24307. Learn more: https://newenergyrisk.com.

About Paragon

Paragon Insurance Holdings, LLC, a Galway Holdings company formed in 2014, writes all commercial lines of insurance across more than 25 programs. Paragon’s industry-specific and general underwriting facilities offer insureds, retail agents, carriers, reinsurers and service providers unique product, service, capability and results. Learn more: www.paragoninsgroup.com.

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