Euclid Insurance Agencies

Name

Euclid Insurance Agencies

Legal name

Euclid Insurance Services, Inc.

Website

https://euclidinsurance.com

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Specialty Insurance Brokerage and MGA Programs

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (52421), Other Insurance Related Activities (52429), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331), Surety Insurance (6351), Insurance Carriers, Nec (6399)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Insurance brokerage services
• Managing general agents
• Specialty commercial insurance
• Employee benefits brokerage
• Risk management consulting

Headquarters

HQ city

Itasca

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Program Administration Fees: Euclid generates revenue by taking equity stakes (typically 51%) in the MGAs launched on its platform. The company provides administrative services including accounting, IT, HR, compliance, and policy processing, while partners focus on underwriting.
2. Platform Partnership Revenue: Revenue derived from ownership stakes in subsidiary MGAs that write insurance premiums across various specialty niches including mortgage reinsurance, legal professional liability, public sector, cyber, and financial lines.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Euclid Insurance Agencies is a family-owned insurance platform that builds and operates Managing General Agent (MGA) programs on a partnership, owner-operator basis alongside its commercial and personal insurance brokerage, employee benefits, and risk management consulting practices. Since 1952 the firm has underwritten, placed, and serviced specialty commercial coverages — including executive liability, mortgage, public sector, legal malpractice, transactional liability, and premium finance — through a network of regional offices and carrier relationships.

Product overview

Euclid Program Managers operates as a platform for launching and managing MGAs (Managing General Agents/Underwriters), rather than a single product. The Euclid platform provides administrative infrastructure (accounting, IT, human resources, compliance, policy processing) to partner underwriters who hold equity stakes in their individual MGAs. The portfolio spans multiple specialty insurance verticals: Euclid Financial (D&O, E&O, EPL, Fiduciary for financial institutions), Euclid Legal Pro (lawyers professional liability), Euclid Life Science Specialty (life sciences liability), Euclid Public Sector (public entity risks), Euclid Security (security industry liability), Euclid Marine (cargo/transportation), Euclid Mortgage (mortgage reinsurance), Euclid Financial & Professional Risks (international financial lines), Euclid Crisis Management (product contamination/recall), Euclid Transactional (M&A transactional insurance), Euclid Cyber (excess cyber insurance), Euclid Specialty Managers (fiduciary liability), Euclid Managers (employee benefits/life), Euclid Executive Liability Managers (management liability), Euclid Managers Kansas City (tech & media liability), Euclid Surety (contract/commercial bonds), and Enviant (environmental insurance). Euclid takes a 51% ownership stake with investing managers in individual program administrators, with Azur Technology's Salesforce-based platform powering technology workflows for several MGAs.

Differentiator

Problem solved

Functional benefit

Brands

• Euclid Program Managers: Parent brand/platform for the family of insurance program managers. Builds and supports specialty property and casualty MGAs through partner model.
• Euclid Financial
• Euclid Legal Pro
• Euclid Life Science Specialty
• Euclid Public Sector
• Euclid Security
• Euclid Marine
• Euclid Mortgage
• Euclid Financial & Professional Risks
• Euclid Crisis Management
• Euclid Cyber
• Euclid Transactional
• Euclid Design Underwriters
• Euclid Specialty Managers
• Euclid Managers
• Euclid Executive Liability Managers
• Enviant

Products and services

• Euclid Executive Liability Specialty MGA program underwriting and servicing executive and professional liability insurance coverages (D&O, employment practices, fiduciary, cyber, professional liability) for corporations and financial institutions, distributed through brokers.
• Euclid Mortgage Solutions Specialty MGA program providing mortgage insurance and lender-related insurance products, supported by AI-assisted mortgage analytics for underwriting and risk decisioning, targeted at banks, credit unions, and independent mortgage lenders.
• Euclid Public Sector Specialty MGA program delivering insurance coverage and risk management services to U.S. public sector entities such as school districts and municipalities, including liability, property, and related specialty coverages.
• Euclid Underwriters Premium finance offering providing installment financing for insurance premiums across commercial and personal lines, available to clients, brokers, and carrier partners.
• Euclid Legal Specialty MGA program providing legal malpractice and related professional liability insurance to U.S. law firms.
• Euclid Transactional Risk Specialty MGA program providing transactional liability coverages — including representations and warranties, tax, and similar products — for companies, investors, and financial sponsors involved in M&A and corporate transactions.
• Commercial Insurance Brokerage Commercial insurance brokerage placing general commercial coverages for businesses through Euclid's regional offices, carrier relationships, and specialty MGA programs.
• Personal Lines Insurance Personal lines insurance brokerage providing home, auto, and related coverages to individual consumers through Euclid's regional offices and service channels.
• Employee Benefits Brokerage Employee benefits brokerage and consulting service helping employer groups design, place, and service group health, welfare, and related benefit programs.
• Risk Management and Compliance Services Risk management and compliance consulting practice providing loss control, risk assessment, and compliance support to Euclid's commercial, public sector, and MGA clients.

Quantifiable outcome

• Platform of the Year award by The Insurer publication
• +1 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered minor and core.

• NovacoreminorOthers · 10 June 2026Novacore acquired Euclid Design Underwriters, expanding their Professional Underwriters Agency (PUA) program with Euclid Design's capabilities in architects and engineers professional liability. The Euclid Design brand will be integrated into PUA.
• AmTrust Financial Services, Inc.coreStrategic or Co-development Partner · 14 July 2025AmTrust Financial Services provides carrier partnership for Euclid Crisis Management's crisis management insurance solutions covering product contamination, product recall, and restaurant contamination. AmTrust is known for financial strength, underwriting expertise, and commitment to supporting innovative specialty insurance programs.
• Azur TechnologycoreTechnology or Integration · 1 June 2025Azur Technology delivers Salesforce-based platform solutions for Euclid's Lloyd's Coverholder operations, providing integrated underwriting, claims management, document handling, multi-currency support, and regulatory compliance capabilities. The platform was implemented in just three months for Euclid Financial & Professional Risks.
• Fannie MaeminorStrategic or Co-development Partner · 1 June 2025Euclid Mortgage works with government sponsored entities including Fannie Mae for aggregate stop loss cover and mortgage insurance quota share arrangements.
• Freddie MacminorStrategic or Co-development Partner · 1 June 2025Euclid Mortgage provides aggregate stop loss cover for Freddie Mac as part of their mortgage reinsurance operations.
• Spinnaker Insurance CompanycoreStrategic or Co-development Partner · 14 April 2025Spinnaker Insurance Company (rated A- Excellent by A.M. Best) is the issuing carrier for Euclid Cyber's standalone and blended cyber insurance products targeting US businesses with revenues greater than $1 billion. The partnership combines Spinnaker's capital and claims expertise with Euclid Cyber's underwriting capabilities.
• Swiss Re International SE, Singapore BranchcoreStrategic or Co-development Partner · 28 August 2024Euclid Transactional APAC operates under a delegation of authority by Swiss Re International SE, Singapore Branch in respect of representations and warranties insurance, tax liability insurance and contingent liability insurance. This arrangement is registered with the Monetary Authority of Singapore.
• SiriusPoint Ltd.coreStrategic or Co-development Partner · 1 July 2024SiriusPoint became the sole carrier partner for Euclid Security's Liability program covering security services, alarm services, and fire suppression protection. Through the program, Euclid Security underwrites Commercial General Liability and Excess Liability risks within the US market. The partnership reflects SiriusPoint's commitment to working with high caliber administrators with expert knowledge in their specialisms.
• Hudson Insurance GroupcoreStrategic or Co-development Partner · 27 June 2024Hudson Insurance Group (rated A+ by AM Best) is the carrier partner for Euclid Legal Pro's lawyers professional liability coverage and Euclid Public Sector's casualty products. Expanded appetite to include any law firm with more than ten attorneys.
• AmTrust Financial Services, Inc. (Euclid Financial)coreStrategic or Co-development Partner · 11 November 2020AmTrust took 45% participation on a co-certification basis alongside RenaissanceRe's Lloyd's Syndicate 1458 (55% participation) for Euclid Financial's professional lines platform covering Directors & Officers Liability, Errors & Omissions, Employment Practices Liability and Fiduciary Liability.
• Swiss Re Corporate SolutionscoreStrategic or Co-development Partner · 20 July 2016Swiss Re Corporate Solutions provides underwriting and claims handling authority for Euclid Transactional's representations & warranties, tax liability, and contingent liability insurance programs. Euclid Transactional operates under delegation of authority from Swiss Re with capacity up to $35 million per deal initially.
• Allianz Global Corporate & Specialty (AGCS)coreStrategic or Co-development Partner · 20 July 2016Allianz Global Corporate & Specialty partnered with Euclid Transactional to offer transactional insurance coverages. AGCS provides financial strength rated AA by Standard & Poor's and A+ by A.M. Best for the program.

Scale indicators10 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Amwins: Amwins is the largest US specialty wholesale brokerage and program administrator, operating a similar MGA/program-services model across dozens of niche lines. Euclid and Amwins both launch and support specialty underwriting programs with carrier partnerships, and compete for the same underwriter talent pool.
• CRC Group: CRC Group operates a national wholesale brokerage and program management platform, providing underwriting and administrative services for specialty insurance programs — directly analogous to Euclid Program Managers' business model.
• Ascot Group: Ascot is a global specialty insurer and program underwriter with significant MGA/coverholder operations across the US, UK, and Bermuda. Comparable to Euclid in operating a multi-niche underwriting platform with strong carrier-style governance and Lloyd's market access.
• Burns & Wilcox: Burns & Wilcox is a major specialty insurance wholesaler and program administrator, distributing niche lines through broker relationships. Overlaps with Euclid in building specialty underwriting capacity with carrier partners.
• RPS (Arthur J. Gallagher): Risk Placement Services (RPS), now part of Arthur J. Gallagher, is one of the largest program administrator/MGA platforms in the US, distributing specialty and excess & surplus lines through retail brokers. Directly comparable to Euclid in the program administration business model and target end markets.
• Novacore: Novacore is a program administrator/MGA platform that recently acquired Euclid Design Underwriters from Euclid to integrate into its Professional Underwriters Agency (PUA). Direct competitor in launching and scaling specialty MGAs with partner-underwriter economics.

Broad incumbents

• W. R. Berkley Corporation: W. R. Berkley operates numerous specialty insurance units (including Berkley Flex and Professional Liability programs) under a decentralized model that resembles a portfolio of specialty MGAs. A broad incumbent that competes with Euclid for specialty underwriting talent and broker relationships, though much larger and publicly listed.
• Ryan Specialty: Ryan Specialty is a major specialty insurance organization combining wholesale brokerage, delegated authority, and MGA/program services. Competes with Euclid in program administration and underwriting services across specialty lines, but at substantially greater scale and as a public company.

Emerging players

• Accelerant: Accelerant is a data-enabled MGA platform that provides capital, analytics, and operational infrastructure to specialty underwriters. It is a more tech-forward, VC-backed analog of Euclid's traditional program administrator model, competing for the same entrepreneurial underwriting talent.
• Skyward Specialty Insurance Group: Skyward Specialty is a specialty P&C insurer and program platform operating multiple MGAs and underwriting units across niche lines. Comparable to Euclid in building specialty underwriting portfolios through both MGA launches and acquisitions, though structured as a public carrier rather than a private platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/euclid-program-managers
• Facebookfacebook.com/EuclidProgramManagers
• Instagraminstagram.com/euclidprograms

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Euclid Insurance Agencies