# New Paradigm Underwriters > We cover what others exclude\. ## At a glance | Field | Value | | --- | --- | | Category | Specialty Solutions | | Type | MGA | | Region | NA | | Headquarters | Miami, Florida | | Founded | 2013 | | Employees | 11-50 | ## Overview New Paradigm Underwriters (NPU) is a parametric insurance MGA that underwrites commercial catastrophe risk for property owners, municipalities, and institutional clients across the United States. The company focuses exclusively on parametric insurance lines, a segment where traditional indemnity coverage leaves gaps due to high deductibles or outright exclusions. NPU underwrites windstorm, earthquake, terrorism, and flood risks using proprietary data analytics and real-time event data rather than loss adjustment. Capacity is sourced from traditional insurers, insurance-linked securities (ILS) investors, and Lloyd's of London syndicates, including Aegis and Talbot Underwriting. The company holds Florida MGA license #W149833 and California license #0N07286, with capacity rated A/A+ XV by A.M. Best. Founded by Bradley I. Meier (former Chairman and CEO of Universal Insurance Holdings) and Evan Glassman, NPU received a strategic investment from TransRe (Alleghany Corporation) in 2018 and was acquired in June 2024 by NormanMax Insurance Solutions, a Lloyd's-backed parametric re/insurer. The brand operates independently under NormanMax ownership. ## Products & services ### Hurricane PM\(R\) Parametric windstorm coverage that activates based on wind speed readings from the WeatherFlow hurricane anemometer network, which spans 100 hardened stations from Texas to Maine. Provides first-dollar coverage for wind damage not covered by traditional policies or falling below standard deductibles. **Key features:** - Triggers based on measurable wind speed thresholds - Zero deductible structure - Rapid claims settlement \-\- often within days of qualifying event - Fills gaps left by traditional wind deductible structures *Target users:* Commercial properties, municipalities, healthcare facilities, hospitality and gaming operations, educational institutions *Distribution:* Wholesale and retail broker channels ### Wind Deductible Buy Back \(WDBB\) Supplemental product that reduces out-of-pocket costs for policyholders subject to high percentage wind deductibles in coastal property policies. **Key features:** - Buys back percentage\-based wind deductibles - Complements existing property programs *Target users:* Commercial property owners in coastal markets with high wind deductible exposure *Distribution:* Wholesale broker channels ### Shake and Pay\(R\) Parametric earthquake insurance that triggers based on seismic event measurements. Developed with internal actuarial leadership. **Key features:** - Triggers based on seismic parameters at the policy location - Covers losses not addressed by traditional earthquake deductibles *Target users:* Commercial property owners in earthquake\-prone zones *Distribution:* Wholesale and retail broker channels ### TerrorismPM\(R\) Parametric terrorism coverage providing loss of income protection following qualifying terrorism events. Capacity provided by Lloyd's syndicates Aegis and Talbot Underwriting. **Key features:** - Parametric trigger based on designated terrorism events - Loss of income focus - Lloyd's\-backed capacity *Target users:* Music venues, hotels, retail operations, and other high\-foot\-traffic commercial properties *Distribution:* Wholesale broker channels ### Flood Insurance Parametric flood coverage addressing gaps not covered by traditional flood policies, including NFIP limits and business interruption. **Key features:** - Fills NFIP coverage gaps - Includes business interruption component *Target users:* Commercial properties in flood\-prone areas with NFIP gaps *Distribution:* Wholesale broker channels ### PeakZone PM\(R\) Reinsurance product designed for peak catastrophe zone risk transfer, providing cedants with supplemental reinsurance capacity. **Key features:** - Targets peak CAT zone exposures - Efficient mechanism for concentrated catastrophe risk transfer *Target users:* Insurance carriers and reinsurers needing supplemental catastrophe reinsurance *Distribution:* Direct to reinsurance buyers ### Industry Parametric Protection \(IPP\(R\)\) A bespoke Industry Loss Warranty (ILW) alternative offering transparent, rapidly settling catastrophe risk transfer based on industry loss triggers. **Key features:** - Industry loss trigger basis - Rapid settlement - Customizable to specific risk profiles *Target users:* Commercial real estate, municipalities, energy, gaming, and high\-value residential sectors *Distribution:* Direct to reinsurance and institutional buyers ## Category & focus - Insurance verticals: P&C Commercial, Specialty/E&S, Reinsurance - Target customers: Brokers, Reinsurers ## Links - Website: - Directory profile: - Careers: - Linkedin: - Press/news: --- *Last updated: 2026\-06\-04*