Business News

Energi Program Continues Growth Trajectory: Reaching 30 Policyholders / Shareholders

2008-07-17 10:57:00

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 &

convenience stores.

Over the past two years, Energis 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.

Energis 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

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.

Energi Holdings, Inc.
Michelle McCarthy, 978-532-5445 (x307)

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