Euclid Insurance Services, Inc. Forms New Underwriting Operation for Life Science Industry
Itasca, IL and New York, NY– August 19, 2019 – Euclid Insurance Services, Inc. (“Euclid”), today announced that it has formed Euclid Life Science Specialty, LLC (“Euclid Life Science”), a product and professional liability insurance underwriting platform, providing tailored casualty coverage solutions to the life sciences industry. Ryann Elliott joins Euclid Life Science Specialty as an equity partner and Managing Principal. Ryann is an industry leader in the life science underwriting space most recently serving as the life science segment head of a leading market carrier. She will operate the entity from the East Coast with local underwriting and servicing operations in the Midwest and West Coast.
The new facility will be accepting new business in mid-September for October effective dates and will underwrite on behalf of Nationwide E&S/Specialty. Nationwide E&S/Specialty brings the support and financial strength to the operation. Euclid Life Science Specialty brings the deep expertise for underwriting this specialty niche market. “We look forward to this new venture with Euclid that demonstrates our commitment to providing tailored insurance solutions for the life sciences industry,” says Heather Schenker Vice President of Nationwide E&S/Specialty.
John N. Colis, President and CEO of Euclid commented, “The need for specialization in the life science space has grown significantly over the past few years due to heightened plaintiff bar activity. We are excited to expand our specialty product offerings to our distribution partners through this new, boutique underwriting facility. The team’s deep experience in life science will allow them to develop a best in class insurance platform providing solutions for clients in all areas of the life sciences industry from research and development and clinical trials to sold products and industry specific professional services.”
Ryann Elliott, Managing Principal of Euclid Life Science Specialty, noted, “We are very excited to launch this new facility dedicated to meeting the needs of the life science industry. We also look forward to working with the strong capabilities of the E&S and Specialty Lines organization at Nationwide—Euclid Life Science Specialty’s insurance carrier partner.”
“The new operation represents another exciting step in Euclid’s overall plan for program growth and expansion,” added Mr. Colis. “Ryann is a wonderful addition to the Euclid platform. Her expertise, leadership and dedication to superior service will blend in perfectly with our organization.”
For information on Euclid Life Science visit www.euclidlss.com and for information on the Euclid Insurance Services, Inc., visit www.euclidprograms.com. Underwriting inquiries for Euclid Life Science Specialty can be directed to Ryann Elliott at [email protected]
About Euclid Insurance Services, Inc.
Founded in 1952, Euclid Insurance Services, Inc. is a program administrator for specialty property/casualty insurance programs operating under the names Euclid Public Sector, Euclid Specialty Managers, Euclid Executive Liability Managers, Euclid Transactional, Euclid Enviant, Euclid Design Underwriters and Euclid Financial Institution Underwriters and functions as a general agency distributing employee benefit and life products under the name Euclid Managers.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow us on Facebook and Twitter.