The Euclid Perspective

The Euclid Perspective
6.27.2024

Euclid Legal Pro adds Heffernan and expands appetite with Hudson

Euclid Legal Pro has added former Huntersure underwriter Mike Heffernan as partner and managing principal, as well as expanding its appetite with carrier partner Hudson Insurance Group to include any law firm with more than ten attorneys, Program Manager can reveal.

 

The company was launched on the Euclid Program Managers platform last year with former Great American executive Dave Ruple as managing principal.

According to his LinkedIn profile, Heffernan had been working as an independent contractor with Euclid since leaving MGA Huntersure in April 2023. He had been a lawyers professional liability underwriter at the firm after joining in 2012 from Marsh.

He started his career as an insurance litigation attorney and has also worked on the claims side of the business.

In related news, the firm said it has agreed with Hudson Insurance Group to expand underwriting appetite to include any law firm with more than ten attorneys, removing a previous attorney headcount cap of 150 attorneys.

Commenting on the addition of Heffernan, Ruple said: “We are delighted to have Mike add his wide marketplace knowledge and experience to help bolster our underwriting expansion.”

Heffernan added: “I look forward to hitting the ground running with Dave to assist in the continued growth of the law firm portfolio that Dave has been spearheading since the inception of Euclid Legal Pro in August of 2023.”

Euclid Program Managers president and CEO John Colis said: “With Mike and Dave collaborating, we are poised for even greater success and new opportunities. Together, they will drive our mission to build a profitable and sustainable program in the lawyers professional liability market.”

Euclid Program Managers runs a partner model, with the company typically taking a 51 percent stake with investing managers in the individual program administrators or MGAs holding the rest.

The parent takes a long-term view on its ownership of the MGAs launched on its structure, but also provides a platform for growth and potential liquidity events if the owner-managers are looking to sell.

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