Wednesday, January 11, 2023
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SPG snaps up Euclid Fiduciary

SPG snaps up Euclid Fiduciary

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 complicated 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 applications. 

The corporate can be recognized for its business thought management, together with its Fid Guru Weblog, which supplies fiduciary insights on complicated litigation developments.

“We selected to hitch SPG as a result of it’s the nation’s foremost insurance coverage platform to offer top-notch specialty insurance coverage to complicated niches,” mentioned Daniel Aronowitz, managing principal of Euclid Fiduciary. “We imagine it’s the excellent platform to proceed to serve and shield America’s greatest 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 group are nicely often known as thought leaders within the fiduciary market,” mentioned 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 newest acquisition by SPG. In December, the corporate acquired Ohio-based Enterprise Underwriters Associates. In July, it snapped up Massachusetts-based ESP Insurance coverage Brokerage.

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