CHICAGO , Aug. 21, 2024 /PRNewswire/ -- Encore (formerly Euclid) Fiduciary, a division of Specialty Program Group LLC, has announced that it is expanding beyond its core fiduciary insurance focus to offer management liability insurance for private and not-for-profit companies. Backed by the same market-leading expertise that Encore has brought to fiduciary insurance, the Encore Management Liability "Quattro" policy will offer four key coverages – Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, and Crime Insurance – necessary for private and not-for-profit companies to effectively protect their organizations.
Encore is teaming up with Coverys ® Group* which is rated "A" (Excellent), financial size category XV ( $2 billion or greater) by A.M. Best.
The program will be offered on a national, admitted basis for private companies and not-for-profit organizations. "We are excited to be working with Coverys, which is entrusting Encore with underwriting and claims authority based on our extensive management liability experience," says Keith Lavigne , Chief Underwriting Officer at Encore. "With our newly launched market-leading package policy, our underwriting and claims teams will provide continued expert and responsive service for our brokers and clients.
" Valoree Celona , President, Coverys Programs, added: "Encore's proven track record of success and specialized expertise make them a perfect partner for Coverys. We are proud to join forces.