Euclid Transactional, LLC, a managing general agent specializing in transactional insurance underwriting and claims handling, has announced the expansion of its partnership with CNA. The move sees CNA joining Euclid Transactional’s North American transactional insurance program, marking a significant milestone in their collaboration.
According to a news release, CNA’s decision to join the program reflects its confidence in Euclid Transactional, which has insured transactions valued at nearly $5 trillion across its global network of 10 offices. CNA has been part of Euclid Transactional’s Europe, Middle East, and Africa programs since early 2022.
Jay Rittberg, managing principal of Euclid Transactional, expressed his excitement about the expanded relationship with CNA, stating that it will enhance their ability to provide reliable commercial solutions to clients worldwide. Steven Goldman, senior vice president at CNA, also highlighted the positive trajectory of their partnership and their eagerness to expand their international footprint.
The collaboration between Euclid Transactional and CNA is expected to streamline transactions and claims handling processes, allowing both companies to focus on delivering top-notch services to their clients. John N. Colis, president and CEO of Euclid Insurance Services, commended the growth of partners like CNA within their network and emphasized Euclid Transactional’s commitment to excellence.
Established in 2016, Euclid Transactional has underwritten over 6,500 policies and has offices across the Americas, Europe, the Middle East, and Africa. CNA, with over 125 years of experience, is a leading US commercial property and casualty insurance company serving businesses and professionals in the US, Canada, and Europe.
The partnership between Euclid Transactional and CNA signifies a strategic move to enhance their capabilities and provide exceptional services to their clients in the North American market and beyond.