PSC Insurance Group Limited (PSC) announced that it has entered into an agreement to acquire 100% of the share capital of Paragon International Holdings Limited (Paragon) for a base consideration of £42.0 million (approximately AUD 75 million equivalent) with the final consideration being subject to adjustment based on the EBITDA of Paragon for the years ended 31 December 2019 and 2020. Upon completion of the Paragon acquisition, it is the board's intention to appoint Ms. Tara Falk as an Executive Director on the PSC Board. Ms. Falk is a Founder and co-CEO of Paragon and is highly experienced in the London insurance markets. Ms Falk will bring with her a wealth of UK and USA centric business and insurance market experience as the Group continues to expand its UK businesses.