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 principal Jay Rittberg.
Last month, Euclid appointed Simon Chung to lead its mid-market transactional risk portfolio, and last week hired underwriters Andrea Dee Lawrence and Corey Connelly.