Euclid Insurance Services, Inc. Forms New Underwriting Operation for Transactional Insurance

Itasca, IL and New York, NY–April 20, 2016 – Euclid Insurance Services, Inc. (“Euclid”), today announced that it has formed Euclid Transactional, LLC (“Euclid Transactional”), a transactional insurance underwriting platform, to expand its capabilities to provide representations & warranties, tax liability, contingent liability and other transactional insurance coverages. Jay Rittberg, Phillip Casper and Albert Song have joined Euclid Transactional as equity partners, and they will lead the new operation out of New York, NY. The Euclid Transactional team members are highly regarded thought leaders in the transactional insurance space. John N. Colis, President and CEO of Euclid commented, "The use of transactional insurance has increased significantly over the past few years and we are excited to expand our transaction-related offerings to our insurer partners and clients through this new, unique underwriting facility. The team, collectively, has more than 30 years of experience working on M&A transactions and has demonstrated the…