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Insurance Business Review: Specials Magazine
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.
The Kentucky Associated General Contractors Self Insurers’ Fund has been providing workers’ compensation coverage to contractors for over 40 years. In order to fulfill a coverage gap in the market in the late 1970s, a group of contractors established a self-insured fund, bringing an innovative approach to offer a strategic insurance solution for Kentucky-based construction businesses. Today, The Fund provides coverage to more than 3,200 policyholders (members), including commercial contractors, residential builders, heavy commercial contractors and manufacturers, among others. It enables them to manage their insurance premiums actively and promotes a collaborative approach to risk management. One of the most significant features of The Fund is its best-in-class dividend program. Over the past 30 years, The fund has returned over $260 million in premiums to its members, with $15 million distributed last year alone. These dividends are a testament to the fund's strong financial performance and enduring client loyalty. Stephen Lewis, CEO, highlights the market position and competitive advantages: “The Fund continues to be a major player in the workers’ compensation marketplace with over half of the market share of contractors. Competitive pricing, out-of-state coverage, and impressive dividends are all drivers to the ongoing success of the organization, and we are constantly seeking out new ways to improve member experience.”
For over 30 years, CorVel Corporation [NASDAQ: CRVL] has been a trusted leader in risk management solutions, helping businesses navigate the complexities of workers' compensation, liability, and disability management. Operating at the intersection of technology and risk mitigation, it delivers tailored solutions that enhance efficiency, reduce costs, and improve outcomes for employers and payors across diverse industries. Founded in 1987, CorVel Corporation has built a reputation in risk management. The company specializes in providing customized solutions that address the unique needs of its clients, leveraging advanced technology and data analytics to optimize claims management and workplace safety. By integrating automation, artificial intelligence (AI), and predictive analytics, CorVel Corporation transforms traditional risk mitigation approaches into proactive, data-driven strategies. In addition, its services are designed to streamline claims processing, enhance compliance, and improve employee well-being. The company’s core offerings include workers’ compensation solutions, liability management and disability management. “We are dedicated to improving outcomes for employees and businesses by delivering innovative risk solutions that are compassionate and results-driven,” says Michael Combs, President and CEO of CorVel Corporation. The company has positioned itself at the forefront of digital transformation in risk management. This commitment is reflected in the company's suite of industry-leading solutions, such as CareMC Edge and CogencyIQ. The company’s proprietary platform, CareMC, integrates AI, machine learning, and real-time data analytics to provide actionable insights for businesses. These technological advancements help predict claim outcomes, identify cost-saving opportunities, and improve overall efficiency. Telehealth and virtual care have also become integral to CorVel Corporation’s approach. They allow injured employees to receive prompt medical consultations and ongoing care remotely, accelerating recovery times and reducing the burden on healthcare systems and employers.
CXO INSIGHTS
The Importance of Claim Advocacy in Workers Compensation
Alexandru Chirita, Workers’ Compensation Manager, Volvo Cars
Adapting to Uncertainty in the Era of Nuclear Verdicts and AI
Yogenia Charry, Claims Director, Surplus & Specialty Claims, Crum & Forster
Leading With Innovation In Property Management And Evolving With The Changes
Stacy Stanley, Director, Workers’ Compensation Program, FirstService Residential
Trends Impacting Today's Tax Industry
Donald Maher, Vice President, Tax, Mohawk Industries
Insurance In 2025: Adapting To Crisis With Innovation And Empathy
Ruben Pinto, Director of Large Loss Casualty, Allstate
IN FOCUS
Modernizing Workers' Compensation: Navigating New Challenges and Opportunities
Employers and insurers are exploring wellness programs and preventive measures to address these underlying health issues and reduce their impact on workers’ compensation systems.
The New Age of Tax Liability Insurance and Risk Management
A complex and increasingly strict worldwide tax environment has propelled the tax liability insurance industry's recent notable expansion.
EDITORIAL
Sustainability Meets Security: The New Role of Insurance
As the green economy grows, workers' compensation policies are evolving to address the unique risks of solar energy installation, wind turbine maintenance, and electric vehicle manufacturing. Insurers are aligning their policies with industry standards, ensuring worker safety, offering premium adjustments for businesses implementing sustainable safety measures, and providing coverage for workforce retraining and transition initiatives. Tax liability insurance is a critical tool for businesses to mitigate financial exposure arising from tax disputes, audits, and regulatory changes related to environmental incentives. This coverage safeguards companies against IRS audits, uncertainties in green tax incentives, and compliance risks associated with carbon credits and ESG-related tax obligations. Beyond financial risk management, the intersection of insurance and environmental sustainability fosters corporate responsibility. Insurers incentivize businesses that adopt sustainable practices by offering lower premiums, promoting investment in energy-efficient buildings, eco-friendly machinery, and climate-resilient infrastructure. They also provide critical support to companies operating in disaster-prone regions and encourage the development of sustainable supply chains. This edition features Euclid Transactional, exploring how the industry is driving the adoption of green initiatives by integrating eco-friendly practices with workers' compensation and tax liability insurance. The magazine also includes insights from Michele Adams, Vice President, Corporate Functions Finance & EDLC, Walmart Claims Services, and Kimberly Clifford, Director, Claims Management, EMCOR Group, Inc. The future of insurance lies in shifting from a reactive safeguard against losses to a proactive force for positive change. In doing so, insurers hold the potential to redefine their role beyond financial protectors to champions of a greener, more sustainable planet. We hope these valuable insights from industry leaders featured in this edition will assist you in making informed decisions for your businesses.
