Euclid Transactional, a managing general agent (MGA) specialising in transactional insurance underwriting and claims handling, has announced that CNA has joined its North American transactional insurance program.
CNA has been part of Euclid Transactional’s Europe, Middle East, and Africa program since early 2022.
This expansion into the North American program reflects CNA’s confidence in Euclid Transactional, which has insured transactions worth nearly $5 trillion across 10 offices worldwide. It also highlights the effectiveness of Euclid Transactional’s claims handling team, which has processed over $800 million in payments since 2016.
Jay Rittberg, Managing Principal of Euclid Transactional, comments, “We continue to be grateful for our fantastic panel of creditworthy insurance carrier partners. The expansion of our already excellent relationship with a top-quality insurer like CNA will enhance our ability to deliver consistent, dependable commercial solutions to our valued clients around the globe.”
Steven Goldman, Senior Vice President, Affinity, Financial Lines and Healthcare at CNA, states, “Since 2022, we have been thrilled to partner with an industry leader like Euclid Transactional and are excited about further expanding our international relationship. We believe our support will allow Euclid Transactional to continue to focus on best-in-class execution on transactions and claims handling.”
John N. Colis, President and CEO of Euclid Insurance Services and a Director on the Board of Directors of Euclid Transactional, adds, “Euclid Transactional has an outstanding panel of A.M. Best rated A or better carriers and it is excellent to see high quality partners like CNA grow with us.”
