Itasca, IL – February 15, 2023 – PartnerRe, Euclid Program Managers (“Euclid”) and Euclid Security Programs LLC (“Euclid Security”) today announced the carrier partnership for a Security Industry Liability Insurance Program. Effective immediately, Euclid Security will be writing on behalf of PartnerRe’s newly launched Insurance Programs unit, whose issuing company, PartnerRe Insurance Solutions Bermuda Ltd. is rated A+ (Superior) by A.M. Best, Financial Size Category XV. Euclid Security is a program administrator offering specialized, comprehensive liability coverages for security industry risks. Under its new facility, Euclid Security will offer commercial general liability, errors and omissions liability, and commercial excess liability (supported and unsupported) for security guards and patrol agencies, private investigators, security consultants, security training schools, alarm contractors, alarm monitoring companies, and fire suppression contractors. Ed LaFramboise and Larissa Gallagher are principals of Euclid Security. Ed and Larissa each have over fifteen years of experience in the insurance industry, with…
Itasca, IL – February 14, 2023 – Euclid Program Managers (“Euclid”), today announced that it has formed Euclid Security Programs LLC (“Euclid Security”), a program manager that will write commercial liability insurance throughout the United States for security industry risks. Initial product offerings will include commercial general liability, errors and omissions liability, and commercial excess liability (supported and unsupported) on a surplus lines basis. Euclid Security will be led by industry veterans Ed LaFramboise and Larissa Gallagher. Mr. LaFramboise will be Managing Principal of Euclid Security, having previously served as President of WestCongress Insurance Services, LLC (“WestCongress”), where he led the successful launch and build out of WestCongress’ businesses including its Security segment, as well as holding executive positions at the former security industry specialist MGA, CoverX. Ms. Gallagher will be Principal of Euclid Security. Most recently, Larissa was RVP of Property at A.J. Gallagher and previously held the Security…
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…
John Colis takes the helm as TMPAA President. He is the President and CEO of Euclid Insurance Services, Inc., operating as a program administrator for specialty P&C insurance programs as well as a general agency involved in the sales of various employee benefit products. John is a two time graduate of Northwestern University receiving his Bachelors of Arts Degree and his MBA from Northwestern’s Graduate School of Management. John has been active on the TMPAA Advisory Board since 2017. Advisory Board (targetmkts.com)
Euclid Insurance Services, Inc. (“Euclid”), today announced that it has formed Euclid Surety LLC (“Euclid Surety”), a program manager that will write contract and commercial surety bonds throughout the United States. Product offerings will include bid, performance, payment, maintenance and supply bonds as well as specialty bonds such as subdivision, rare earth and mineral reclamation, environmental closure/post-closure, waste hauling and license and permit bonds. Euclid Surety will be led by industry veterans Paul Giordano and Charles Cygal. Mr. Giordano will be Managing Principal of Euclid Surety, having previously served as CEO of Ironshore Surety Holdings, Inc., where he led the successful build out of Ironshore’s surety business. Mr. Cygal will be Principal and Chief Underwriting Officer of Euclid Surety. Most recently, Charlie was Head of Surety at QBE North America and previously held chief and senior underwriting roles at Ironshore, AIG & Chubb. Together with Euclid, Paul and Charlie…
Itasca, IL July 19, 2021 – Euclid Life Science Specialty, LLC, an Itasca-based specialty program administrator for life science liability, is pleased to announce that rising underwriting star Alex S. Braner has joined its Life Science executive underwriting team. Alex will help continue to cultivate and grow the book of life science products-work hazard liability and professional liability in the Midwest and West Coast. Alex rejoins Ryann Elliott and David Bailey from CNA where he, as an Underwriting Specialist, focused on the life science industry, he grew his underwriting expertise and topped production results year over year. Managing principal of Euclid Life Science, Ryann Elliott states “As a freshman underwriter, I watched Alex excel quickly in the complex underwriting field of Life Science product liability. Now his academic acumen coupled with his attentive service style will continue to catapult him into the top echelon of the underwriting ranks. We are…
Join us on May 26th - 2:00 - 3:00 PM (EST) Register for our Live Webinar here. Plaintiff law firms are terrorizing plan sponsors of many of America’s largest defined contribution plans – filing class actions lawsuits against plan fiduciaries that seek tens of millions of dollars in damages and attorney fees for purportedly breaching their fiduciary duties in overpaying recordkeepers and investment managers. Euclid Specialty’s Daniel Aronowitz will examine the recent surge in excessive fee litigation. Euclid will take a deeper dive into the complaints being filed and how courts have responded. We will raise critical questions to better analyze these cases and help plan sponsors prepare a more effective defense. Topics to be discussed include: Are the Plaintiffs right? Are the recordkeeping and investment fees of large defined contributions in America too high? What about your plan? How would a plan sponsor know if their plan’s administrative…
Fox Valley Habitat for Humanity will virtually dedicate its latest project, a duplex at 829-831 Grove St. in Aurora, at 1:30 p.m. Sunday, May 16. The public is invited to attend remotely on Zoom. Find the Zoom link on www.chicagolandhabitat.org. Participating will be the new homeowners, the Nibitanga and Afghanzada families of Aurora, with Habitat officials and volunteers. The program will include a virtual walk-through and presentation of a ceremonial house key and housewarming gifts to the future homeowners. Groundbreaking was in February. The project is Habitat's 66th since its founding in Aurora in 1988. Oxford Bank and Trust of Oak Brook and Euclid Insurance Services in Itasca have pledged $300,000 to the project. Other donors of services and supplies include Custom Installations, Saint-Gobain, Home Depot, Ferguson, Studio 41, AAA Door Teks, Mom & Sons and 84 Lumber. Call (630) 206-5038, email [email protected] or visit foxvalleyhabitat.org for more information. Founded in…
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…
