PartnerRe, Euclid Program Managers and Euclid Security Announce Carrier Partnership
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 almost twenty years combined security industry experience.
“Euclid and Euclid Security are the type of long-term partners we are looking for and we are excited to build a long-term successful program together,” said Joseph Hooks, Head of Insurance Programs at PartnerRe.
“We are honored to be working with PartnerRe’s Insurance Programs unit on this program,” said Ed LaFramboise, Managing Principal of Euclid Security. “With the backing of PartnerRe’s intellectual capital, renowned underwriting discipline, and superior financial strength, we look forward to supporting the security industry and our broker partners for their liability insurance needs.”
“Adding PartnerRe to Euclid’s family of carrier partners is consistent with Euclid’s track record of working with best-in-class program carriers,” said John N. Colis, President and CEO of Euclid. “PartnerRe’s reputation and resources paired with Euclid Security’s quality underwriting team is a winning combination”.