Euclid Insurance Services Inc. (Euclid), based in Itasca, Ill., has formed Euclid Financial Institution Underwriters LLC (Euclid Financial) and hired David McDonald and Jim Thomas to lead the new operation.
Euclid Financial is a program administrator specializing in professional lines for financial institutions. The facility will underwrite Directors & Officers Liability, Errors and Omissions Liability, Employment Practices Liability and Fiduciary Liability for a wide range of financial institutions in the small and mid-sized markets.
Euclid Financial will maintain offices in Framingham, Mass.
McDonald and Thomas each have over 21 years of experience in professional lines underwriting. McDonald and Thomas previously held underwriting and management positions with Chubb & Son, Catlin Inc., XL Capital and Executive Risk Management Associates.
Topics Underwriting Illinois
Was this article valuable?
Here are more articles you may enjoy.
Accuweather: Winter Storm to Cause Up to $115B in Damage, Economic Losses 
Opportunity for Private Flood Insurers With Threat of Another NFIP Lapse 
Updated: 6 Killed in Private Plane Crash at Maine Airport 
Why Power Outages Do More Economic Damage Than We Think 
