ITASCA, III. (PRWEB) 07 October 2021
Euclid Insurance Services, Inc. (“Euclid”), today announced that it has formed Euclid Caution LLC (“Euclid Safety”), a program manager who will draft contractual and commercial bonds throughout United States. Product offerings will include bid, performance, payment, maintenance and supply bonds as well as specialized bonds such as subdivision, rare earth and mineral regeneration, environmental closure / post-closure, waste transport and license and permit bonds. Euclid Surety to be led by industry veterans Paul Giordano and Charles cygal.
Mr. Giordano will be CEO of Euclid Surety, having served as CEO of Ironshore Surety Holdings, Inc., where he successfully led the construction of Ironshore surety company. Mr. Cygal will be the Director and Head of Underwriting of Euclid Surety. Most recently, Charlie was Chief Surety Officer at QBE North America and previously held the positions of Head and Head of Underwriting at Ironshore, AIG and Chubb. Along with Euclid, Paul and Charlie are shareholders of Euclid Surety. Operating from locations in the Northeast, South and Midwest, Euclid Surety will target mid-market entrepreneurs and other clients with unique bonding needs of 10 million dollars or less.
Euclid Surety is also pleased to announce that Messrs. Marc Valiquette and Robert Cubbin III have joined as assistant vice presidents and underwriters. Mark and Rob both bring extensive experience and market tracking to the team, having held senior underwriting positions at QBE North America and other prominent bond writers during their careers.
Surety bond requests can be submitted immediately to Euclid Surety Bond. Euclid has entered into a program management agreement to underwrite surety business on behalf of Developer Bond and Compensation Company and Corepointe Insurance Company, subsidiaries of AmTrust Financial Services, Inc., rated “A-” (excellent), FSC “XV”, stable prospect of AM Best, which together have a combination we Treasury limit of about $ 16 million.
John N. Parcels, President and CEO of Euclid and Chairman of the Board of Euclid Surety said: “We could not be happier to add Paul, Charlie and Euclid Surety to our family of program managers and to work again with AmTrust to create a successful program. Huge opportunities for growth to be sure, the economy is recovering from the pandemic and preparing to meet the country’s needs for infrastructure, housing and other sectors. “
“We are delighted to join an organization of Euclid’s caliber and to work with an innovative partner like AmTrust,” said Paul Giordano, CEO of Euclid Surety. “We formed Euclid Surety to bring unparalleled focus and service to the surety market and meet the growing needs of our clients.”
“Euclid Surety’s operating philosophy will combine dedication to underwriting with speed, reliability and direct access to underwriting decision makers,” added Charlie cygal, Director and Head of Underwriting of Euclid Surety. “The addition of Mark and Rob, two talented and highly regarded underwriters, brings tremendous depth to our team and will give us the ability to meet client needs quickly and effectively from the start.”
Inquiries to Euclid Caution can be directed as follows:
General Information – [email protected]
For submissions – [email protected]Paul Giordano – [email protected]Charlie cygal – [email protected]Rob cubbin – [email protected]Marc Valiquette – [email protected]
On Euclid Insurance Services, Inc.
Founded in 1952, Euclid Insurance Services, Inc. is a program administrator for Specialty P&C insurance programs operating under the names Euclid Public Sector, Euclid Specialty Managers, Transactional Euclid, Euclid Enviant, Euclid Design Underwriters, Euclid Financial Institution Underwriters and Euclid Life Science Specialty. For more information on Euclid Insurance Services, Inc., visit http://www.euclidprograms.com.
On AmTrust Financial Services, Inc.
AmTrust Financial Services, Inc., a multinational insurance holding company headquartered in new York, offers specialty damage insurance products, including workers ‘compensation, business owners’ policy (BOP), general liability, and extended warranty and service coverage. For more information on AmTrust, visit http://www.amtrustfinancial.com
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