We simplify complexity

Euclid Mortgage is a managing general agency specializing in underwriting credit risk on portfolios of residential mortgages.

We create insurance-based solutions that optimize capital efficiency, increase liquidity, and reduce credit loss volatility for holders of residential mortgage credit including banks, government entities, investors, mortgage insurers, and mortgage servicers.

The founding principals of Euclid Mortgage have participated in more than two hundred mortgage (re)insurance transactions since 1998, which provided in excess of $80 billion of capacity across more than $2.5 trillion of mortgages.

Euclid Mortgage is an affiliate of Euclid Program Managers, a family of specialty property-casualty insurance programs that enables best-in-class underwriters to be owner-operators of their business, while supporting them with the resources of Euclid’s broader infrastructure, and leading to the highest level of underwriting results.

Over 100 years of experience in the mortgage reinsurance industry among the four Principals

Joe Monaghan

Joe Monaghan

MANAGING PRINCIPAL
CHIEF EXECUTIVE OFFICER

Ken Bjurstrom

Ken Bjurstrom

PRINCIPAL
CHIEF RISK OFFICER

Joe Hissong

Joe Hissong

PRINCIPAL
CHIEF OPERATING OFFICER

Stephen Bath

PRINCIPAL
CHIEF UNDERWRITING OFFICER

Vaishnavi Peddiraj

Vaishnavi Peddiraj

Business Intelligence Analyst

Adam Prunty

Adam Prunty

Head of Technical Underwriting

Luke Mathis

Analyst

The Latest News from Euclid Mortgage

July 2, 2025

Euclid Mortgage announces Stephen Bath as Chief Underwriting Officer and Adam Prunty as Head of Technical Underwriting

Stephen Bath and Adam Prunty join Euclid Mortgage, a recognized leader in mortgage reinsurance.

May 29, 2025

The Insurer names Euclid Mortgage as the winner of the 2025 Program Launch of the Year at the Insurer’s 2025 Program Manager Conference & Awards

Euclid Mortgage Insurance Services, LLC was awarded Program Launch of the year at last night’s Program Manager Awards, hosted by The Insurer.  Congratulations to the entire Euclid Mortgage team.

September 5, 2024

Euclid Mortgage Announces Ken Bjurstrom as Chief Risk Officer

Euclid Mortgage (“Euclid”), today announced that Ken Bjurstrom has joined the company as Chief Risk Officer bringing more than 35 years of mortgage risk analytics and advisory experience to the market-leading independent mortgage (re)insurance managing general underwriter.

JUNE 10, 2024

Euclid Program Managers Launches Euclid Mortgage Managing General Underwriter

Euclid Program Managers (“Euclid”), today announced the launch of Euclid Mortgage, LLC (“Euclid Mortgage”). Euclid Mortgage is a Managing General Underwriter (MGU) underwriting mortgage credit risk for insurers and reinsurers.