Euclid Insurance Services, Inc. Launches New Program Manager to Meet Growing Needs of Surety Market

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…

EUCLID FINANCIAL ANNOUNCES THE INTERNALIZATION OF CLAIMS MANAGEMENT AND THE HIRING OF ERIC LEVINE AS CLAIMS DIRECTOR

(March 2021) Euclid Financial Institution Underwriters, LLC (Euclid Financial) is pleased to announce the hiring of Eric Levine as Claims Director, effective March 15th.   Eric will manage the process of internalizing Euclid Financial’s claims management function, where he will design and build out the platform’s claims infrastructure.  Eric will be responsible for the management of claims operations of Euclid Financial, including the handling of all claims in conjunction with Euclid Financial’s carrier partners. Prior to joining Euclid Financial, Eric was in the role of Claims Counsel with Validus Specialty in New York, where he was responsible for the oversight of all claims in the Professional Liability lines of business, including Public and Private D&O, E&O, EPL, Cyber and Fidelity.  Before joining Validus in 2015, Eric served as Complex Claims Manager with The Catlin Group, where he managed a claims group which handled complex claims matters in the D&O and…