Euclid’s partner centric model is a great vehicle for best in class insurance professionals to own their own program administrator.


Euclid Security Programs LLC is a boutique managing general underwriter specializing in Security Industry risks.

Euclid Security is owned and operated by a seasoned team of underwriters who are dedicated to providing best-in-class service and expedited deal execution.

Ed LaFramboise is a senior underwriting, risk management, operations, and finance executive with expertise in corporate and business unit leadership. Ed has over 20 years of experience in the property and casualty insurance industry with a focus on specialty and E&S business.

Larissa Gallagher has 15 years’ experience in the insurance industry, split between property brokerage and casualty underwriting.

Launched in 2022, Euclid Security Programs LLC is proudly, jointly owned by Ed LaFramboise, Larissa Gallagher, and Euclid.

Euclid Surety, LLC
Euclid Surety LLC is a program manager that writes contract and commercial surety bonds throughout the United States. The group is led by industry veteran Charlie Cygal. Mr. Cygal serves as Managing Principal and Chief Underwriting Officer of Euclid Surety. He previously held senior leadership roles at a number of surety carriers during his 20+ year career. <br> “Our team is delighted to join an organization of Euclid’s caliber and work with an innovative partner like AmTrust,” said Charlie Cygal, Managing Principal of Euclid Surety. “We formed Euclid Surety to bring a singular focus and unsurpassed service to the surety market and meet the growing needs of our customers.”
Co-founders of Euclid Financial, Dave McDonald and Jim Thomas, are experienced underwriters in the highly technical and risky financial institution management liability business. Having successfully built a FI book for a leading insurance company, and having lived through various corporate mergers and realignments, Dave and Jim were anxious to establish and control their own underwriting company. The opportunity to partner with Euclid came at an ideal time and in June of 2015 they launched Euclid FI. Through Euclid’s previous relationship with Lloyds syndicate, Ren Re, Euclid FI became a cover holder for Lloyds and are now building a profitable book of financial institution business.
“Partnering with Euclid allowed us to find and contract with a top carrier in a fraction of the time it would have otherwise taken. We couldn’t be happier with the platform they provided us, not to mention the emotional and financial support”. ~ Dave McDonald  
Euclid Public Sector, LLC designs, underwrites and administers specialty insurance programs specifically for the public sector. We work with the wholesale and retail communities, and coverage is offered on both an admitted and non-admitted basis. Our dedicated team of well-seasoned professionals can deliver a comprehensive and tailored program for unique public and non-for-profit entity needs. <br> Co-founder Jim Marquis manages the company in the vision of his partner, Chris Golonka, who believed that ethics are the foundation of every relationship, and inclusion and trust are the guiding principles that drive success. Chris passed away in 2021. Combined, the team has 50 years of underwriting experience exclusively in the public sector and is passionate about working within this very specialized sector, and we take a long-term view of our relationships with brokers, insureds and carrier partner.
Jim Seymour and Paul Bunone met as new employees of an insurance company who had tasked them with building a management liability business from scratch. Literally within hours of their meeting, they realized they shared a similar vision for their mission. During the next few years, they succeeded in their task but always knew that they wanted to control their destiny by being owners in their own business. In 2011, they founded Euclid Exec and began the difficult task of finding an insurance company to represent. Both partners remember that period as a challenging one but through their perseverance and Euclid’s steadfast backing, they ultimately prevailed, obtaining AmTrust Insurance Company and Lloyds of London paper for their two programs. Since that time, they have built an extremely profitable program administrator, realizing their dream of both being a best in class underwriter as well as a business owner.

“Euclid’s partnership was critical during our journey. Their support in our early days never wavered. The strategic guidance and support services they continue to provide are of the highest quality. We feel like we are living the dream.” ~ Jim Seymour

2020 Update – The successful company that Jim and Paul built was sold to its carrier partner, completing a nine year journey. Forming their own MGA was the most efficient and enjoyable way to monetize their considerable underwriting talents. Both partners look back on this period as one of the best experiences in their professional life.

Daniel Aronowitz thrives on the challenge to build and grow businesses based on expertise. A graduate of Vanderbilt Law School, Dan entered private practice and evolved into a national expert on D&O and professional liability insurance. One of his insurance clients recruited him to run their property and casualty operations, where his team built highly profitable fiduciary liability, surety and other niche insurance books of business. Ultimately, Dan’s entrepreneurial spirit lead him to investigate a way in which he could combine his industry expertise with ownership in his own company. In 2012, after investigating their options, Dan’s team chose Euclid to build an underwriting company, and they now run one of the leading fiduciary liability insurance underwriting facilities in the country.

“The mission of the Euclid Specialty team is to serve as experts in our fiduciary liability niche. We want our underwriting company to be known for its expertise and excellence. Partnering with Euclid’s financial, technology and human resource professionals has helped us achieve a level of excellence that we could not reach so quickly on our own. The Euclid Specialty team loves being part of one of the preeminent underwriting family of companies in the specialty insurance sector.” ~ Daniel Aronowitz

Jay Rittberg was a successful mergers and acquisitions attorney when he joined a major national carrier to work in, and ultimately run, their transactional insurance business. A new and dynamic form of insurance, Jay and his team helped establish and make accepted insurance covering buyers and sellers of companies for the representations and warranties committed to in the sales agreement. As this line of business continued to soar, Jay knew that the time was right to establish his own program facility. Partnering with Euclid as well as two other industry experts, Phil Casper and Albert Song, Jay attracted Swiss Re and Aspen Insurance Company as paper and began underwriting in July of 2016. Within a short period of time, Euclid Transactional was a leader in this dynamic space. “On the day after I joined our new company, Euclid introduced me to one of our carriers with whom we ultimately partnered. Things fell into place much quicker than I expected and importantly, the services Euclid provided were built out and ready to go immediately. From a speed to market perspective, this model is unbeatable” ~ Jay Rittberg
There are few classes of insurance more challenging than environmental liability. However, there are few people better equipped to underwrite successfully in this class than Ken Cornell and Marilyn Hattier. Both hold master’s degrees in the field and both rose to senior executive positions at major insurance companies underwriting the class. Nevertheless, despite their success they were motivated to leave the corporate world and start their own company, in part to be free from the distractions that go with being an executive in a large organization. Their partnership with Euclid was a natural win-win as it allowed them to partner with Lloyds Syndicates, with whom they had enjoyed a close relationship in the past. Ken and Marilyn (Managing Principals of the company) were joined by past colleagues Sean Upton and Chris Sisler (Principals of the company) and launched the new venture in November of 2016. All are now busy running a best in class environmental underwriting company.

“Euclid’s culture of transparency and entrepreneurship is such a breath of fresh air compared to large corporations. Add to that the lack of bureaucracy which allows for quick decision making and you have the best environment to build a business. We are having fun again!” ~ Marilyn Hattier
Ryann Elliott joined Euclid as the equity partner and Managing Principal of Euclid Life Science Specialty in August 2019. Previously serving in the life science segment as the head of a leading market carrier, Elliott brings underwriting, risk and claims experience with a dedicated Life Science focus. Her deep knowledge of the liabilities facing the industry today, coupled with a keen understanding of the individual risks associated with designing policy solutions, has enabled her to develop innovative coverage that addresses today’s highly-complex diversities and integrated risks. This unique expertise, along with the strength of our partner carrier, Nationwide E&S/Specialty, has enabled Elliott to quickly develop one of the only companies of its kind, providing tailored casualty coverage solutions to address the Life Science industry’s need for a broad, enterprise-wide and industry-specific liability coverage.
"Having Euclid’s brand and reputation gives my LLC immediate creditability. Add to this the unique offering we provide in the life science space and we have no limit to what we can accomplish." ~ Ryann Elliott
Chris Ventrone and Dave Lo Verso joined Euclid as equity partners of Euclid Design Underwriters, LLC in April 2019. With 30 years of combined experience in underwriting, the team came highly regarded as leaders in the design professional space. Guided by the entrepreneurial spirit for which Euclid is known, Ventrone and Lo Verso were able to quickly build on the long-term presence Euclid had in the space by successfully honing their focus on professional liability with superior customer service and an A+ XV carrier partner in Nationwide.
“I am the decision-maker with a fleet of support at my fingertips. The robust infrastructure provided by Euclid allows me to focus on key fundamentals to my business and not get bogged down in the administrative tasks.” ~ Chris Ventrone
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