Reinsurance News

PartnerRe & Euclid announce security industry carrier partnership

16th February 2023 - Author: Kane Wells

PartnerRe, Euclid Program Managers and Euclid Security have announced a carrier partnership for a Security Industry Liability Insurance Program.

PartnerReMoving forward, Euclid Security, a program administrator offering specialised liability coverages for security industry risks, will be writing on behalf of PartnerRe’s newly launched Insurance Programs unit.

Under its new facility, Euclid Security will offer commercial general liability, errors and omissions liability, and commercial excess liability for a host of security personnel and institutions.

This includes security guards and patrol agencies, private investigators, security consultants, security training schools, alarm contractors, alarm monitoring companies, and fire suppression contractors.

Joseph Hooks, Head of Insurance Programs at PartnerRe, commented, “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.”

Tremor - The modern way to place reinsurance

Ed LaFramboise, Managing Principal of Euclid Security, added, “We are honoured to be working with PartnerRe’s Insurance Programs unit on this program.

“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.”

John N. Colis, President and CEO of Euclid, said, “Adding PartnerRe to Euclid’s family of carrier partners is consistent with Euclid’s track record of working with best-in-class program carriers.

“PartnerRe’s reputation and resources paired with Euclid Security’s quality underwriting team is a winning combination.”

Print Friendly, PDF & Email

Recent Reinsurance News