PartnerRe, Euclid Program Managers and Euclid Security Announce Carrier Partnership
PartnerRe, Euclid Program Managers ("Euclid") and Euclid Security Programs LLC ("Euclid Security") today announced the carrier partnership for a Security Industry Liability Insurance Program.
ITASCA, Ill., Feb. 15, 2023 /PRNewswire-PRWeb/ -- 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."
Inquiries to Euclid Security can be directed as follows:
General inquiries – [email protected]
For Submissions – [email protected]
Ed LaFramboise – [email protected]
Larissa Gallagher – [email protected]
About PartnerRe
PartnerRe Ltd. is a leading global reinsurer that helps insurance companies reduce their earnings volatility, strengthen their capital and grow their businesses through reinsurance solutions. Risks are underwritten on a worldwide basis through the Company's three segments: P&C, Specialty, and Life and Health. For the year ended December 31, 2021, total revenues were $7.4 billion. At September 30, 2022, total assets were $26.6 billion, total capital was $7.5 billion and total shareholders' equity was $5.8 billion. PartnerRe maintains strong financial strength ratings as follows: A.M. Best A+ / Moody's A1 / Standard & Poor's A+.
Media inquiries – [email protected]
About Euclid Program Managers
Euclid is a family of program administrators and serves as a platform to start and manage successful underwriting companies. Attracting best-in-class specialty underwriters, Euclid allows its partners to form a new MGA by providing market access, financial capital, and operating support. Euclid companies include Euclid Public Sector, Euclid Transactional, Euclid Enviant, Euclid Design Underwriters, Euclid Financial Institution Underwriters, Euclid Life Science Specialty, and Euclid Surety. For more information about Euclid Program Managers, please visit http://www.euclidprograms.com.
About Euclid Security Programs LLC
Founded in 2022, Euclid Security Programs LLC ("Euclid Security") is a boutique program manager offering specialized, comprehensive liability coverages for security industry risks. Euclid Security is owned and operated by a seasoned team of underwriters who are dedicated to providing best-in-class service and expedited deal execution. For more information about Euclid Security, please visit http://www.euclidsecurityins.com.
Media Contact
Ed LaFramboise, Euclid Security, 1 630-238-2707, [email protected]
SOURCE Euclid Security
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