Euclid

Landaverde to partner with Euclid on new cyber MGU

Annamaria Landaverde is set to partner with Euclid to launch a new cyber MGU following her exit from Munich Re, Cyber Risk Insurer can reveal.

Euclid Mortgage secures BDA reinsurance backing to begin actively quoting

Euclid Mortgage has secured initial backing from three Bermudian reinsurers with more capacity being lined up as it prepares to begin quoting and accepting submissions in the month ahead, with Milliman’s Ken Bjurstrom also added as chief risk officer, The Insurer can reveal.

Euclid Mortgage forms advisory panel as it pushes ahead with 1.1 UW launch plans

Joe Monaghan’s newly formed MGU Euclid Mortgage has formed an advisory panel for clients ahead of its planned underwriting launch on 1 January 2025, The Insurer can reveal.

Euclid Security secures SiriusPoint as sole carrier for liability program

Euclid Security Programs has struck an agreement for SiriusPoint to serve as the sole carrier partner for its liability program, which covers security services, alarm services and fire suppression protection.

Euclid Legal Pro adds Heffernan and expands appetite with Hudson

Euclid Legal Pro has added former Huntersure underwriter Mike Heffernan as partner and managing principal, as well as expanding its appetite with carrier partner Hudson Insurance Group to include any law firm with more than ten attorneys, Program Manager can reveal.

Monaghan: Euclid Mortgage MGU aiming to seize on opportunity from rebounding housing market

Euclid Mortgage’s newly installed managing principal and CEO Joe Monaghan has said that the MGU is being set up to seize on an expected rebound in the housing market as interest rates come down and pent-up demand leads to more issuance.

Euclid announces launch of Monaghan and Hissong-led Euclid Mortgage MGU

Euclid Program Managers has announced the launch of Euclid Mortgage, an MGU led by sector veterans Joe Monaghan and Joe Hissong which underwrites mortgage credit risk on behalf of insurers and reinsurers, in a move first revealed by this publication.

Aon Reinsurance Solutions’ Monaghan exits to launch Euclid Mortgage MGU

Aon Reinsurance Solutions’ global growth leader Joe Monaghan is exiting his role to launch a new mortgage MGU with Euclid Program Managers, The Insurer can reveal.

Euclid Transactional inks record deals in Q1 amid NA rate concerns

Euclid Transactional bound a record 247 reps and warranties/warranty and indemnity insurance deals around the world during the first quarter of this year, while aggregate rates in North America approach historic lows, according to the MGA’s managing principal Jay Rittberg.

Euclid Transactional adds to tax insurance team with US and EMEA hires

Expansive M&A insurance MGA Euclid Transactional has added two new tax underwriters with Kami LaBerge and Egbert van der Graaff joining the firm’s North America and European teams, respectively.

Enviant sale to One80 is latest liquidity event under Euclid’s partner model

The sale of environmental MGA Enviant to One80 Intermediaries by Euclid demonstrates the firm’s partner model, which allows for liquidity events as well as providing a platform for growth.

One80 expands environmental ops with acquisition of TX-based Enviant from Euclid

One80 Intermediaries has expanded its environmental practice with the acquisition of Houston-based MGA Enviant from Euclid Environmental Underwriters, Program Manager can reveal.

Euclid launches security industry program manager with PartnerRe capacity

Euclid Program Managers has established Euclid Security Programs to provide a range of commercial liability coverages on an E&S basis to the security industry, led by Ed LaFramboise and Larissa Gallagher, The Insurer can reveal.

Nick Colis named VP of program development at Euclid

Nick Colis has been promoted to vice president of program development at Euclid Insurance Services (EIS) after moving over from Euclid Specialty Managers following its sale to Specialty Programs Group (SPG).

Hub’s SPG acquires fiduciary liability underwriter Euclid Specialty Managers

Specialty Programs Group (SPG) has acquired Dan Aronowitz-led program administrator (PA) Euclid Specialty Managers (ESM) as it continues to build out its MGA platform with best-in-class underwriting businesses, The Insurer can reveal.

Euclid Transactional makes middle market and tax push with new hires

M&A-focused MGA Euclid Transactional has hired Simon Chung business as head of middle market business after a short stint at ASQ Underwriting, with Jeff Lash and Bryce Pressentin also joining as tax underwriters.