Euclid Programs
Euclid Programs is a family-owned platform that launches and operates specialty insurance MGAs, providing partner-underwriters with 51% equity, shared administrative infrastructure, and carrier access across 20+ niche programs spanning financial lines, legal, cyber, mortgage reinsurance, and M&A transactional insurance in the US, UK, and Asia.
- Company typePrivate
- Founded1952
- HeadquartersItasca, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Euclid Programs does
Euclid Programs (legal entity Euclid Insurance Services, Inc.) is a family-owned insurance program management platform founded in 1952 in Itasca, Illinois, and currently led by second-generation CEO John Colis. The company operates a partner model for launching and operating Managing General Agents (MGAs) in specialized insurance niches, where Euclid typically takes a 51% equity stake in each new MGA and provides shared administrative infrastructure—including accounting, IT, HR, compliance, and policy processing—while partner-underwriters retain equity and focus on underwriting. As of 2025-2026, the platform encompasses 20+ specialty programs spanning financial institutions professional lines (Euclid Financial), lawyers professional liability (Euclid Legal Pro), life sciences (Euclid Life Science Specialty), public sector (Euclid Public Sector), security industry liability (Euclid Security), marine cargo (Euclid Marine), mortgage credit risk transfer (Euclid Mortgage), international financial lines via a Lloyd's Coverholder in London (Euclid Financial & Professional Risks), product contamination and recall (Euclid Crisis Management), excess cyber for large enterprises (Euclid Cyber), and global M&A transactional insurance (Euclid Transactional). The original retail insurance agency was divested in 2012, after which the program management business became the sole focus.
The underlying technology stack includes a Salesforce-based Lloyd's Coverholder Platform deployed at Euclid Financial & Professional Risks (built by Azur Technology), the MGA Connect underwriting workbench deployed at Euclid Legal Pro, and an in-development AI-driven mortgage risk analytics platform at Euclid Mortgage. Revenue mechanics include administrative service fees, profit participation in partner MGAs, and equity appreciation on the 51% Euclid stakes, with underwriting capacity delivered through carrier partners including Hudson Insurance Group (A+), SiriusPoint, Spinnaker Insurance Company (A-), AmTrust Financial Services, Swiss Re International SE, and PartnerRe. Customer end-markets are diverse—mid-market financial institutions, U.S. law firms, life science companies, municipalities and K-12 schools, security service providers, marine cargo operators, banks and GSEs for mortgage reinsurance, large enterprises for cyber, and PE/corporate acquirers for transactional insurance—distributed primarily through broker channels. Distribution geographies include the United States, the United Kingdom (London), Singapore (APAC headquarters for Euclid Transactional), and continental Europe.
Euclid Programs firmographics
Firmographics- Name
- Euclid Programs
- Legal name
- Euclid Insurance Services, Inc.
- Website
- https://euclidprograms.com
- Company type
- Private
- Founded year
- 1952
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Euclid Programs is a family-owned platform that launches and operates specialty insurance MGAs, providing partner-underwriters with 51% equity, shared administrative infrastructure, and carrier access across 20+ niche programs spanning financial lines, legal, cyber, mortgage reinsurance, and M&A transactional insurance in the US, UK, and Asia.
- Ownership category
- akta.pro rank
Euclid Programs industry classification
Industry- Product category
- Insurance Program Management
- NAICS
- Insurance Agencies and Brokerages (52421), Insurance Agencies and Brokerages (524210)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
Keywords
Where Euclid Programs is headquartered
LocationHeadquarters
- HQ city
- Itasca
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Euclid Programs business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Program Administration and Support Services: Euclid provides administrative services including accounting, IT, human resources, compliance, and policy processing to partner MGAs, generating revenue through service fees and profit participation
- Equity Ownership in Partner MGAs: Euclid typically takes a 51% stake in partner MGAs while investing managers hold the remainder, generating returns through equity appreciation and profit sharing
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B Platform Services |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Euclid Programs product offering
Product offeringCore offering
Euclid Program Managers operates a platform for launching and operating insurance Managing General Agents (MGAs). The company partners with experienced underwriters who become equity owners of specialty MGAs while Euclid provides administrative services (accounting, IT, HR, compliance, policy processing) and carrier relationships. Euclid typically takes a 51% stake in each partner MGA while partner underwriters retain the remainder, allowing them to focus on underwriting while Euclid manages operations.
Product overview
Euclid Program Managers is a platform for launching and operating insurance Managing General Agents (MGAs). The platform operates as a multi-product ecosystem where specialized MGA entities function as distinct business units under shared infrastructure. Each MGA focuses on specific insurance niches including: Euclid Financial (professional lines for financial institutions), Euclid Legal Pro (lawyers professional liability), Euclid Life Science Specialty (life sciences risks), Euclid Public Sector (municipal/government risks), Euclid Security (security industry liability), Euclid Marine (cargo/maritime insurance), Euclid Mortgage (mortgage credit risk transfer), Euclid Financial & Professional Risks (international financial lines via Lloyd's), Euclid Crisis Management (product contamination/recall insurance), Euclid Cyber (excess cyber insurance), and Euclid Transactional (M&A transactional insurance). Transitioned entities include Euclid Design Underwriters (A&E E&O), Euclid Surety, Enviant (environmental), and others. The parent company provides administrative services including accounting, IT, HR, compliance, and policy processing through Euclid Insurance Services, enabling partner underwriters to focus on underwriting while maintaining equity ownership in their businesses.
Differentiator
Problem solved
Functional benefit
Products and services
- Euclid Financial
Quantifiable outcome
- Euclid Transactional has delivered nearly 7,000 policies across transactions valued at over $5.3 trillion
- +3 more outcomes
Companies that use Euclid Programs
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles5 records
Euclid Programs technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature3 records
Euclid Programs partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered minor and core.
- NovacoreminorNovacore acquired Euclid Design Underwriters as part of its Professional Underwriters Agency program, integrating the specialized A&E professional liability business into Novacore's portfolio.
- AmTrust Financial Services, Inc.coreAmTrust Financial Services provides E&S paper backing for Euclid Crisis Management, offering up to $10 million in limits per risk for product contamination, product recall, and restaurant contamination insurance products.
- Spinnaker Insurance CompanycoreSpinnaker Insurance Company (rated A- by A.M. Best) provides capacity for Euclid Cyber's standalone and blended cyber insurance products targeting organizations with greater than $1B in revenues.
- Swiss Re International SEcoreSwiss Re International SE, Singapore Branch provides delegation of authority for Euclid Transactional APAC's representations and warranties insurance, tax liability insurance and contingent liability insurance products.
- SiriusPoint Ltd.coreSiriusPoint became the sole carrier partner for Euclid Security's Liability program covering security services, alarm services, and fire suppression protection. The partnership reflects SiriusPoint's commitment to working with high caliber administrators with expert knowledge in their specialisms.
- Hudson Insurance GroupcoreHudson Insurance Group (rated A+ by AM Best) provides coverage capacity for Euclid Legal Pro's lawyers professional liability products and Euclid Public Sector's public entity coverage.
- Azur TechnologycoreAzur Technology delivered digital transformation solutions including MGA Connect platform, underwriting workbench, rating, policy administration, and reporting capabilities for Euclid Legal Pro and Euclid Financial & Professional Risks.
- PartnerReminorPartnerRe announced carrier partnership with Euclid Security for their security industry insurance program prior to the SiriusPoint partnership.
Scale indicators5 records
Recent moves11 records
Expansion highlights6 records
Euclid Programs competitors and assessment
Company assessmentDirect peers
- Brown & Riding: Specialty wholesale insurance brokerage and program management firm offering multiple specialty programs; comparable MGA platform structure serving niche verticals.
- Burns & Wilcox: Specialty insurance wholesale brokerage and MGA platform offering specialty programs across multiple verticals; directly comparable as a wholesale/MGA platform serving brokers with diverse specialty lines.
- Novacore: Specialty insurance platform that recently acquired Euclid Design Underwriters into its Professional Underwriters Agency (PUA) program; competes directly for A&E and professional liability specialty underwriting talent.
- CRC Group: Specialty wholesale broker and program manager; operates and incubates multiple specialty insurance programs similar to Euclid's model with broker distribution focus.
- Accelerant: Data and capital platform enabling MGAs to launch and scale specialty insurance programs; directly competes with Euclid's MGA incubation model though with a more technology-centric, membership-based approach.
Broad incumbents
- RPS (Risk Placement Services): Wholesale insurance distribution and MGA platform owned by Arthur J. Gallagher; offers specialty programs across many verticals similar to Euclid but as part of a much larger global brokerage.
- Amwins: Large specialty insurance wholesaler and MGA sponsor operating extensive specialty programs across multiple verticals; comparable scale and business model to Euclid but with significantly broader geographic and product reach.
- Ascot Group: Global specialty insurance and reinsurance provider operating at Lloyd's and through delegated authority partnerships with MGAs; comparable specialty underwriting model with international footprint.
- Skyward Specialty Insurance Group: Public specialty insurance company that underwrites and partners with MGAs across multiple specialty lines; comparable specialty insurance focus but operates as a carrier rather than an MGA platform.
Emerging players
- Keystone Agency Partners: PE-backed insurance agency and program management platform building specialty insurance businesses through partnerships; competes for talent and program opportunities in the MGA platform space.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Euclid Programs social profiles
Digital presenceEuclid Programs financial estimates
Financial estimateRevenue estimate
Valuation estimate
Euclid Programs leadership team
Management profileNumber of profiles
Profiles4 records
Euclid Programs subsidiaries and ownership
Company hierarchySubsidiaries18 records
Euclid Programs funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Euclid Programs M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Euclid Programs
What does Euclid Programs do?
Euclid Program Managers operates a platform for launching and operating insurance Managing General Agents (MGAs). The company partners with experienced underwriters who become equity owners of specialty MGAs while Euclid provides administrative services (accounting, IT, HR, compliance, policy processing) and carrier relationships. Euclid typically takes a 51% stake in each partner MGA while partner underwriters retain the remainder, allowing them to focus on underwriting while Euclid manages operations.
Is Euclid Programs a public or private company?
Euclid Programs is a private company. It is classified as family owned and is currently operating.
When was Euclid Programs founded?
Euclid Programs was founded in 1952. It employs 101 to 250 people.
Where is Euclid Programs based?
Euclid Programs is headquartered in Itasca, United States, in the North America region.
How does Euclid Programs make money?
Two revenue lines are on record. Program Administration and Support Services are the primary driver. The others are equity Ownership in Partner MGAs.
Who are Euclid Programs's main competitors?
Direct peers on record are Brown & Riding, Burns & Wilcox, Novacore, CRC Group and Accelerant. Broad incumbents are RPS (Risk Placement Services), Amwins, Ascot Group and Skyward Specialty Insurance Group. Keystone Agency Partners is listed as an emerging player.
Does Euclid Programs have an API?
No public API is recorded for Euclid Programs.
What industry is Euclid Programs in?
Euclid Programs's product category is Insurance Program Management. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services. Its NAICS code is 52421 and its SIC code is 6411.