PEABODY, Mass.–(EMWNews)–Energi Holdings Inc. is pleased to announce that a significant milestone
was attained as the 30th Policyholder /
Shareholder joined the Energi Fuel Captive Distribution Program. The
Energi Program provides property, general liability, workers’
compensation, commercial automobile, excess liability, site pollution
liability, and EPLI. Certain lines are underwritten in a captive
insurance program offered through Discover RE, a division of Travelers.
These programs are available for retail and wholesale distribution of
home heating oil, propane and gasoline including gas stations &
Over the past two years, Energi’s strategy has
been to focus on the New England states to attract leading dealers that
implement industry defined best practices. The program provides
customized coverage, value-added loss prevention and safety, aggressive
claims management, fair equitable pricing, and some control over their
risk management and insurance program. While at the same time,
policyholders become shareholders and owners of their own insurance
company operation. The Company plans to develop a strong foundation of
fuel distributors in other Northeastern states along with additional
regions of the United States.
“Energi’s Board of
Directors and management team have worked continuously to develop a
sound business model that provides a long term stable insurance
alternative for Energi policyholders / shareholders,”
states James Townsend, Energi Board Member and Chief Executive Officer
of Townsend Oil & Propane in Danvers, MA.
Energi is offered through a select network of independent insurance
agents and brokers. Independent insurance agents and brokers who are
interested in becoming part of the network should contact Brian McCarthy
or Rick Metivier at (978) 532-5445 or visit our website at www.energiholdings.com.
About Energi Holdings Inc.
Energi Holdings, Inc. is a Delaware Corporation that owns an interest in
a segregated cell rent-a-captive. Energi was founded to provide valued
added risk management and insurance program through captive reinsurance
programs for certain sectors of the Energy Industry. Energi was found in
2005 by leading insurance professionals and energy industry leaders.
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