Paragon Announces Senior Vice President Appointments

2 July 2008

MN—Paragon, a leading provider of consulting, recovery services, and outsource
solutions to the P&C insurance and reinsurance industries, today announced the promotion of
Beth Kraemer and Mark Stori to Senior Vice President.

“Ms. Kraemer’s extensive experience in reinsurance accounting, claims processing, and
insurance operations has proven to be an invaluable asset to our clients,” said Patrick Van Wert,
President of Paragon’s Reinsurance practice. Before joining Paragon, Ms. Kraemer was a client
service manager with Willis Re, Inc. She began her insurance industry career at Benfield where
she quickly advanced to claims team leader and specialized in liaising with London brokers to
negotiate and collect very large reinsurance recoverables.

“Mr. Stori’s ability to manage very large reinsurance administration projects for insurance
companies, risk pools, and state governments is highly valued by Paragon and clients alike,” said
Mr. Van Wert. “His extensive experience in insurance accounting has been particularly valuable.”
Mr. Stori is a Certified Public Accountant (CPA) and also holds the Associate in Reinsurance
(ARe) and Associate in Risk Management (ARM) industry designations.

“As always, our goal is to align our capabilities with client needs,” said Mr. Van Wert. “These two
executives are recognized as leaders in their respective specialties.”

Ms. Kraemer is based in Minneapolis and Mr. Stori is based at Paragon’s Dallas office.

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