Euclid Transactional welcomes CNA to North American transactional insurance program
Euclid Transactional welcomes CNA to North American transactional insurance program | Insurance Business America
Insurance News
Euclid Transactional welcomes CNA to North American transactional insurance program
Announcement demonstrates expansion of an “already excellent relationship,” exec says
Insurance News
By
Jonalyn Cueto
Euclid Transactional, LLC, a managing general agent specializing in transactional insurance underwriting and claims handling, has expanded its partnership with CNA, as the latter joins the former’s North American transactional insurance program.
According to a news release, this demonstrates the confidence of CNA in Euclid Transactional, which has insured transactions valued at almost $5 trillion across its global network of 10 offices. CNA has been a part of Euclid Transactional’s Europe, Middle East, and Africa programs since early 2022. Euclid Transactional’s claims handling team, comprising over 20 professionals, has facilitated payments exceeding $800 million since 2016.
“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,” said Jay Rittberg, managing principal of Euclid Transactional.
Steven Goldman, senior vice president at CNA, emphasized the positive trajectory of their partnership and their eagerness to broaden their international footprint.
“We believe our support will allow Euclid Transactional to focus on best-in-class execution on transactions and claims handling,” he said.
John N. Colis, president and CEO of Euclid Insurance Services and a director on the board of directors of Euclid Transactional, commended the growth of partners like CNA within their network. He emphasized Euclid Transactional’s commitment to excellence and its panel of AM Best rated A or better carriers.
Established in 2016, Euclid Transactional has underwritten over 6,500 policies. It has offices located across the Americas, Europe, the Middle East, and Africa, offering full-service underwriting for a diverse range of transactions.
CNA is a US commercial property and casualty insurance company with over 125 years of experience. It serves businesses and professionals in the US, Canada, and Europe through its range of insurance products and services.
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