NEW YORK, April 5, 2022 /PRNewswire/ -- Euclid Transactional, LLC ("Euclid Transactional"), a global managing general agent focused on transactional insurance, announced today that Hudson Insurance Group ("Hudson") and Westfield Insurance will participate in its North American program and current partner Zurich North America has agreed to increase its committed capacity. The new and expanded insurance carrier support will raise Euclid Transactional's maximum per-deal underwriting limit of liability to $90 million. Hudson and Westfield join Swiss Re Corporate Solutions, SCOR, Aspen, Zurich North America and CNA in supporting Euclid Transactional's global team, which specializes in representations and warranties, tax and contingent insurance underwriting and claims handling services. Jay Rittberg, Managing Principal of Euclid Transactional, commented, "With use of transactional insurance at record levels, we are grateful to have support from a world class panel of creditworthy insurance carrier partners. The addition of Hudson and Westfield and increased capacity from Zurich will enhance our ability to deliver thoughtful, commercial solutions to our valued clients." Christopher…
Euclid Transactional, LLC ("Euclid Transactional"), a leading managing general agent focused on transactional insurance underwriting and claims handling, today announced promotions, formation of an executive committee and increased insurance capacity for its programs. The promotions highlight the depth of talent available to the firm's clients and include members of various teams across Euclid Transactional's seven offices in North America and Europe. The newly formed eleven-member global executive committee will consist of Euclid Transactional's six Principals in North America and Europe; Chief Legal Officer, Meg Gardiner; Chief Culture Officer, Aina Acosta; Chief Underwriting Officer, Shawn O'Neill; and Chief Distribution Officer, Manuel Giner. The committee will also include Euclid Transactional's recently hired Chief Financial Officer, David Bailey, who joined Euclid in 2021 and brings over 20 years of experience working across financial roles within the insurance and reinsurance industries in the U.S. and Europe. The executive committee will support the company's unique culture and goal of better serving clients and partners, after…
Transaction liability MGA Euclid Transactional has promoted nine senior staff at the business. Manuel Giner and Shawn O’Neill are now senior managing directors, while Justin Pierce Berutich, Jake Filak, Jon Friedman and Mike MacRory have been appointed as managing directors. Euclid has also promoted Tim Grosso, Will Hooper and Chloe Steadman from vice presidents to senior vice presidents. It comes as the entity pursued fast growth, and has expanded its headcount to 68 staff from 45 at the start of 2020. In a press release, Euclid said it had seen record deal volume since the start of last year. “We are on pace globally to issue nearly 1,000 policies this year, and have continued to increase the number of clients we support as use of transactional insurance sees record growth. “We are fortunate to have these experienced senior leaders to help our team consistently deliver industry-leading service," said Euclid managing…
NEW YORK, April 19, 2021 /PRNewswire/ -- Euclid Transactional, LLC ("Euclid Transactional"), a leading managing general agent (MGA) focused on transactional insurance underwriting, today announced the hiring of Simon Chung as Head of Middle Market, and Jeff Lash and Bryce Pressentin as tax underwriters joining Justin Pierce Berutich, the firm's Head of Tax. With these new hires, Euclid Transactional further expands its bandwidth to support its clients on transactions in the middle market and on tax matters. Chung brings more than 10 years of experience working on mergers and acquisitions with a specific focus on clients involved in deals with enterprise values below $200 million. "The past year has seen substantial growth in demand for representations and warranties insurance underwriting, and our clients have shown a particular interest in support for their middle market deals," said Jay Rittberg, Managing Principal of Euclid Transactional. "Simon's deep experience in this sector will further expand our ability to help clients manage risk." Lash and Pressentin…
New York-headquartered managing general agency Euclid Transactional has launched an operation in Frankfurt. It is the firm's fifth international office, and will be led by vice president and underwriting counsel Daniel Mösinger. Euclid specializes in writing M&A and transactional liability policies, and has paper from company market carriers including Allianz, Swiss Re Corporate Solutions and Aspen. Mösinger joins from law firm K&L Gates, where he advised clients on cross-border M&A as part of the company's corporate M&A and venture capital team. Commenting on the launch of the new office, Euclid managing principal Kit Westropp said the German-speaking region was fertile ground for M&A transactions, and that the company had seen deal volume and flow expand rapidly in the market since 2018. "We are excited to officially have a home case in Frankfurt, and cannot imagine a better first hire than Daniel. We are confident that he will be an immediate…
Euclid Transactional, LLC (“Euclid Transactional”), a leading managing general agent focused on transactional insurance underwriting, today announced four promotions on its North American team of underwriting professionals. The promotions underline the deep and growing talent available to the firm’s clients. Euclid Transactional has seen significant growth over the past two years, including the launch of new practices in Europe, Middle East and Africa (EMEA) and Canada, as well as a new practice in New York focused on tax. Since launch, the firm’s Canada practice has grown to be the largest and most experienced in that country, and its EMEA practice now features more than 11 members. The senior level promotions announced today include: Shawn O’Neill from Senior Vice President to Managing Director Manuel Giner from Senior Vice President to Managing Director Jake Filak from Vice President to Senior Vice President Jon Friedman from Vice President to Senior Vice President Each…
London, UK – July 9, 2018 – Euclid Transactional, LLC (“Euclid Transactional”), the New York based subsidiary of Euclid Insurance Services, Inc. (“Euclid”), announced today that it has launched a UK subsidiary to offer transactional insurance underwriting and claims handling solutions throughout Europe, the Middle East and Africa (“EMEA”). The new London-based agency will be managed by seasoned underwriters Kit Westropp and Carl Christian Rösiö who have over 20 years of experience working on M&A transactions and will join as principals. Swiss Re Corporate Solutions and Aspen Insurance have authorized the Euclid Transactional EMEA team to act as their managing general agent offering warranty & indemnity, tax liability and contingent liability coverages of up to $45 million of limits per deal on a primary or excess basis for risks across all industry sectors. Jay Rittberg, Managing Principal of Euclid Transactional commented, “We are thrilled to join forces with these market-leading…
Enviant Managing Principal Ken Cornell and Euclid Transactional, LLC Principal Phil Casper to present on the upcoming webcast: Environmental and Transactional Risk Insurance: What Lies Ahead? Tuesday, July 11, 2017 3:00 pm – 4:30 pm (EST) Registration is FREE courtesy of Enviant. Please enter discount code "ENVIANT0711" to avail the free registration. For more event information, please feel free to click this link: Environmental and Transactional Risk Insurance: What Lies Ahead? Ken Cornell Bio Ken Cornell is Managing Principal of Enviant, a Division of Euclid Environmental Underwriters, LLC. Ken, along with a team of industry veterans, launched Enviant in March of 2016, building a team of underwriting, claims and legal professionals to deliver a diverse portfolio of environmental insurance products and services. He began his career with AIG in 1985, rising from an entry level underwriting position to Executive Vice President of AIG Environmental, ultimately managing a $1B environmental insurance…
New York, New York – July 20, 2016 – Euclid Transactional, LLC (“Euclid Transactional”), a subsidiary of Euclid Insurance Services, Inc. (“Euclid”), announced today that it has entered into agreements with Swiss Re Corporate Solutions and Allianz Global Corporate & Specialty (“AGCS”) to offer representations & warranties, tax liability, contingent liability and other transactional insurance coverages. Under the program, Euclid Transactional will have underwriting and claims handling authority as a managing general agent for Swiss Re Corporate Solutions and AGCS. The program will focus on both primary and excess insurance opportunities and will cover risks for transactions across all industry sectors. Jay Rittberg, Managing Principal of Euclid Transactional commented, “We are honored to serve as underwriting and claims handling representative for these outstanding organizations. With the signing of these agreements, our clients will benefit from our carrier partners’ shared appreciation of the execution required to succeed in the world of…
Itasca, IL and New York, NY–April 20, 2016 – Euclid Insurance Services, Inc. (“Euclid”), today announced that it has formed Euclid Transactional, LLC (“Euclid Transactional”), a transactional insurance underwriting platform, to expand its capabilities to provide representations & warranties, tax liability, contingent liability and other transactional insurance coverages. Jay Rittberg, Phillip Casper and Albert Song have joined Euclid Transactional as equity partners, and they will lead the new operation out of New York, NY. The Euclid Transactional team members are highly regarded thought leaders in the transactional insurance space. John N. Colis, President and CEO of Euclid commented, "The use of transactional insurance has increased significantly over the past few years and we are excited to expand our transaction-related offerings to our insurer partners and clients through this new, unique underwriting facility. The team, collectively, has more than 30 years of experience working on M&A transactions and has demonstrated the…
