Euclid Transactional

Maximizing high-value deals requires a strategic approach to manage transactional and tax risks. From M&A and tax exposures to cross-border deals, tailored insurance solutions help organizations navigate complex tax landscapes with confidence.

Euclid Transactional, a leader in the transaction liability insurance industry, offers tailored solutions to mitigate risk, enhance deal certainty, and help navigate global transactions. With over 150 employees across 10 offices in North America, EMEA, and APAC, Euclid has underwritten over $6.2 trillion in deal value since its inception in 2016. Euclid’s 21-member claims team has helped facilitate over $1 billion in payments to its Insureds.

Euclid’s strategic growth and leadership have helped solidify its position as a global transactional insurance leader, backed by some of the world’s most respected carriers. Euclid’s success has, in part, been driven by the growth of its tax insurance team. From a single, dedicated tax underwriter in 2019 to an industry-leading team of 15 seasoned professionals across the globe, the company strives to offer clients top-notch services at scale.

The team’s experience allows it to navigate complex M&A, strategic tax, and tax credit opportunities while driving to meet client deadlines. With a deep understanding of renewable energy, cross-border transactions, and specialized areas like transfer pricing, the tax team at Euclid has the ability to deliver tailored solutions to help ensure clients are well-supported.

“Our team is committed to making the tax insurance experience seamless and valuable. We believe clients choose us for our global reach, deep expertise, and industry-leading claims team,” says Justin Pierce Berutich, Managing Director and Head of Tax.

A Blueprint for Achieving Excellence

Euclid’s recipe for success is a combination of multiple factors: unmatched depth and expertise, a collaborative and solution-oriented approach, efficient and streamlined processes, and industry-leading claims service.

The growth of Euclid’s tax team into one of the largest in the industry reflects a commitment to deepening its expertise across various tax issues and jurisdictions. The team has significant experience managing complex global transactions, strategic tax positions, and tax credit exposures.

Working closely with clients and their advisors to develop commercial solutions, the team helps structure tax insurance coverage to enhance value, facilitate smoother transactions, and lead to better outcomes.

A Streamlined Approach to Tax Liability Insurance

In an industry where tax risks are often time-sensitive, especially in the context of transactions, Euclid strives to set itself apart from its competitors with a highly optimized and seamless process. It begins with a comprehensive understanding of the client’s objectives, tax structure and risks. An in-depth review of available materials enables the assessment of the desired outcomes and the intricacies of the tax position. The team centers their approach on the client’s goals from the outset with the goal being that solutions are tailored with the client’s unique risk profile and transaction timeline in mind.

Once formally engaged, the tax team then performs an underwriting evaluation that analyzes the opportunity's tax implications and potential issues. Close collaboration with the client and their advisors allows the shaping of the policy to their needs. Euclid offers a transparent view into the policy structuring, openly discussing coverage options, limitations and potential outcomes with the client. The combination of a client-focused approach with rigorous due diligence, efficient process management, and ongoing support is a testament to the company’s commitment to delivering timely solutions without compromising quality.

Euclid’s tax team leverages its size and expertise to efficiently assess and underwrite tax risks, providing clients with clarity and certainty under tight deadlines. With global reach, deep technical knowledge, and a client-focused approach, Euclid delivers tailored tax insurance solutions for complex, high-value transactions.

Every Euclid policy is backed by an industry-leading claims support team renowned for its robust claims handling. Over the years, the team has achieved a remarkable track record of processing and resolving 75 percent of all claims within 12 months of receipt. “Our goal is for our insureds to know that should an issue arise, they will have an experienced and responsive team advocating for them,” says Berutich.

Global Tax Liability Insurance Services at Scale

With over $12 billion in insurance limits placed across 400+ tax policies, Euclid’s tax team has the capacity and expertise to handle large-scale, high-value transactions.

In one instance, a broker with a complex tax exposure exceeding $1 billion sought an insurance partner that could efficiently underwrite the risk and provide confidence to over 25 market participants who would provide additional, follow-form insurance limits over Euclid’s limit. Euclid stepped up and helped structure a policy to address the exposure, providing comprehensive coverage and instilling confidence among all stakeholders.

Euclid also understands that timely actions are essential to the success of transactions. In another instance, Euclid played a pivotal role in preserving a high-stakes transaction by rapidly executing a tax policy. In the transaction, the buyer believed the target company’s tax position was risky, while the seller was comfortable with the same and refused to provide any indemnity for it. Time was the biggest challenge in this scenario. Both parties urgently needed a solution that could provide the buyer with adequate coverage for the tax risk and permit the seller to avoid an indemnity or holdback.

Within 48 hours, the team mobilized its resources to evaluate, underwrite, and structure a policy that precisely fit the deal's requirements. The policy helped both parties achieve their objectives. It secured the buyer’s investment with protection should the tax authority ever challenge the target’s historical tax position and the seller was provided with a clean walk-away from the transaction.

Sustaining a Legacy of Leadership and Innovation

Leading the world’s largest tax insurance practice demands the ability to set bold goals, craft effective strategies, and thrive under pressure - qualities that Berutich exemplifies in his professional and personal pursuits.

Under Berutich’s leadership, the team has helped drive Euclid’s ascent in the tax insurance landscape. His ability to foster a culture of excellence and align the company’s vision with strategic growth objectives has helped positioned Euclid as an industry leader.

The dedication to excellence extends beyond professional achievements. In 2023, Berutich completed the World Marathon Challenge - a grueling test of endurance involving seven marathons across seven continents in seven days. His passion for pushing boundaries mirrors his leadership style, cultivating a supportive environment that empowers employees to excel and propels the team’s growth and expansion.

Euclid’s recent expansion into Asia Pacific strengthens its global tax insurance offering, providing clients and brokers in the region with direct access to specialized underwriting expertise and a localized approach to managing tax risks.

In the complex and often uncertain world of tax, Euclid offers a seamless approach to tax liability insurance, delivering responsive, market-informed solutions that support high-stakes transactions.