SiriusPoint and Euclid Security Programs LLC (“Euclid Security”), a boutique managing general underwriter (MGU) specializing in security industry risks, have today announced a new strategic partnership.
SiriusPoint will become the sole carrier partner for Euclid Security’s Liability program, which covers security services, alarm services, and fire suppression protection. Through the program, Euclid Security will underwrite Commercial General Liability and Excess Liability risks within the US market.
John Colis, President and CEO of Euclid, said: “Building sustainable carrier partnerships is a highly relational business and having taken the time to get to know the team at SiriusPoint, I’m confident that our complementary expertise will make for a successful partnership.” Ed LaFramboise, Managing Principal of Euclid Security, added: “With the support of the Euclid Partner model, and the backing of SiriusPoint’s financial strength, capabilities, and ‘underwriting-first’ discipline, we have a best-in-class platform in place to serve the security risks industry now and over the long-term.”
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