Specialty Program Group (SPG) has acquired the belongings of Euclid Specialty Managers (Euclid Fiduciary) from Euclid Insurance coverage Providers.
Based in 2011, Euclid Fiduciary is a managing basic company that makes a speciality of advanced fiduciary legal responsibility and associated skilled legal responsibility insurance coverage for worker profit plans. The corporate insures a lot of America’s largest single-employer, multi-employer, and governmental worker profit plans.
Euclid Fiduciary has underwriting and claims authority from Hudson Insurance coverage Group, an AM Finest A-rated underwriter of specialty traces packages.
“We selected to hitch SPG as a result of it’s the nation’s foremost insurance coverage platform to supply top-notch specialty insurance coverage to advanced niches,” stated Daniel Aronowitz, managing principal of Euclid Fiduciary. “We consider it’s the excellent platform to proceed to serve and shield America’s finest plan fiduciaries and sponsors of worker advantages.”
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“Dan actually wrote the e-book on fiduciary legal responsibility insurance coverage, and he and his staff are properly generally known as thought leaders within the fiduciary market,” stated Chris Treanor, president and CEO of SPG. “Their mannequin of deep specialty experience and autonomy aligns completely with our enterprise technique, and we welcome them to the SPG household of firms.”
Euclid Fiduciary is the most recent acquisition by SPG. In December, the corporate acquired Ohio-based Business Underwriters Associates. In July, it snapped up Massachusetts-based ESP Insurance Brokerage.
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