The product facts behind the view.
- Encore describes itself as a fiduciary-liability underwriting business formerly known as Euclid Fiduciary. [1]
- Its fiduciary offering addresses single-employer, multiemployer and governmental employee-benefit plans. [2]
- Encore identifies underwriting, claims and marketing authority from Hudson Insurance Group, and its fiduciary page identifies Hudson Insurance Company. [3]
- It separately lists fidelity bonds and crime, cyber and management-liability products alongside fiduciary coverage. [1]
Questions to resolve before binding.
Use these illustrative scenarios to review a proposal. They are questions to ask, not statements that a loss is covered.
Participants allege excessive plan fees
Which plans, fiduciaries and service-provider relationships are insured, and what defense and indemnity terms apply?
Money disappears from a benefit fund
Is this a theft/bond problem, a fiduciary-liability allegation, or both, and how do the policies coordinate?
The sponsor changes or terminates a benefit plan
Does the proposed settlor coverage address the decision, and what conditions or exclusions apply?
A better submission starts here.
Hedge’s preparation guidance for this placement:
- Describe each benefit plan, assets, participants, governing entities and fiduciaries, and provide current applications and loss information.
- Identify service providers, investment oversight, fee reviews, compliance issues and any regulator inquiry or known circumstance.
- Provide expiring policies, retroactive dates, indemnification arrangements and requested fiduciary, bond or management-liability lines.
Include the named insured, locations, requested lines and limits, effective date, existing applications and available loss information. Start with what you have; we can identify what is missing.
Legal entities and underwriting.
The market name, licensed producer and insurance company can be different entities. These are the names and roles identified in the cited disclosures.
Specialty Program Group, LLC [4]
Legal organization of which Encore Fiduciary is a division
Hudson Insurance Company [2]
Insurer identified for Encore’s fiduciary-liability offering
The January 2024 company overview identifies Encore Fiduciary as a division of Specialty Program Group, LLC and SPG Insurance Solutions as the California name. The actual insurer is product- and quote-specific. [4]
Encore’s current brand history says formerly Euclid Fiduciary. It should not be treated as a blanket rename of the separately referenced Keystroke Underwriters business. [1]
Registration and license details identify an entity and its role. They do not by themselves establish that a particular product, state, limit or account is eligible.
The practical questions.
How do I get a quote with Encore Fiduciary?
Choose “Get a quote with Encore Fiduciary” and tell us about your client. Hedge carries your market selection into the submission, helps complete the account and works on the available terms. You can review the proposal before making a coverage decision.
Does this profile confirm my account is eligible?
The published specialties are a starting point. State, business activity, loss history, requested coverage, limits and effective date can change eligibility. The sources used here do not provide a complete state-by-product matrix. The actual proposal and policy forms determine coverage.
Is this an independent rating of Encore Fiduciary?
No. Hedge is an insurance intermediary and has a commercial interest in helping agents place business. Our commentary explains the placement questions we draw from the cited material. It does not report a customer satisfaction score, firsthand claims experience or an endorsement by Encore Fiduciary.
Read what we read.
Product facts were checked against the official material below on November 1, 2026. Our commentary is identified as Hedge’s analysis. Market websites and underwriting terms can change.
- Encore Fiduciary current company and product overview ↗Checked November 1, 2026
- Encore fiduciary liability coverage and plan types ↗Checked November 1, 2026
- Encore underwriting authority and Hudson relationship ↗Checked November 1, 2026
- Encore company overview and SPG division disclosure, January 2024 ↗Checked November 1, 2026
- SPG Encore underwriting business description ↗Checked November 1, 2026
Published by Hedge Specialty. Send a correction if a product or program has changed.
What stands out, and why it matters.
Plan structure is a meaningful underwriting distinction.
Encore identifies single-employer, multiemployer and governmental plans in its fiduciary offering. [2]
Describe who sponsors and governs each plan, who can indemnify a fiduciary and which parties are meant to be insured. A governmental arrangement and a private-employer plan may need different terms even with similar asset values.
A fidelity bond is not a replacement for fiduciary liability.
Encore publishes both fidelity-bond/crime and fiduciary-liability offerings. [1]
Separate theft of plan assets from allegations of imprudent administration, investment or other duties. Ask which instrument addresses each scenario and check the named insureds, limits and reporting requirements.
Enhancements need to match the alleged duty.
Encore’s fiduciary page describes settlor, regulatory-investigation and voluntary-compliance features or options. [2]
Review definitions, sublimits and triggers before relying on the feature list. A business decision about plan design, a regulator’s inquiry and a claim against a trustee may engage different provisions.