PartnerRe-Euclid combine on security industry risks

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

Euclid Security will write on behalf of PartnerRe’s newly launched Insurance Programs unit, whose issuing company, PartnerRe Insurance Solutions Bermuda, is rated A+ (Superior) by AM Best.

Euclid Security is a program administrator offering specialized, comprehensive liability coverages for security industry risks. Under its new facility, Euclid Security will offer commercial general liability, errors and omissions liability, and commercial excess liability (supported and unsupported) for security guards and patrol agencies, private investigators, security consultants, security training schools, alarm contractors, alarm monitoring companies, and fire suppression contractors.

Ed LaFramboise and Larissa Gallagher are principals of Euclid Security. Each have over fifteen years of experience in the insurance industry, with almost 20 years combined security industry experience.

“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,” said Joseph Hooks, head of Insurance Programs at PartnerRe.

LaFramboise added: “We are honored 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.”