“Energi launched the eCaptiv programs to combat the current trends that we are seeing in the commercial casualty insurance market,” said Brian McCarthy, CEO/President of Energi, Peabody, Massachusetts. “At the Evolve Conference, brokers, agents and policyholders gathered together to learn about opportunities for not only our existing policyholders but other small and middle market companies to control their own destiny.”
Evolve began on Sunday with educational sessions for brokers and agents on the current commercial casualty insurance trends and the history of the alternative insurance market. On Monday, the broker educational sessions continued with focused discussions on combatting commercial casualty trends through risk management and claims management strategies, in addition to overviews of different alternative insurance solutions.
“The current commercial casualty trends have many small and middle market companies transitioning to group captives,” said Timothy Spear, Client Advisor / Partner of Gulfshore Insurance, Naples / Fort Lauderdale, Florida. “Through Energi’s captive programs, small and middle market companies are able to mitigate the commercial casualty trends with their insurance and risk management driven solutions.”
On Tuesday, the session opened with an interactive discussion with Energi’s brokers/agents and policyholders addressing different topics including Broker and Agent Perspectives, Risk and Claims Management and Captive Governance. In addition to this, eCaptiv PC1-IC held its first Special Board of Directors and Member Meeting.
The PC1-IC program is geared towards energy companies within the fuel distribution, energy transportation, energy construction, renewable energy, agricultural cooperative and utilities who have $250,000 or greater in primary casualty premiums. eCaptiv’s PC2-IC program will be launching for energy companies in the same space as PC1-IC, but whose primary casualty premiums are less than $250,000.
“Our company has been a long-term policyholder of Energi and we have received exceptional loss prevention and claims management services,” said Norino Mirra, President of Mirra Companies, Georgetown, Massachusetts. “The captive program will allow our company to have more involvement in the claims decision making process and this is an important evolution for our company.”
Energi has recently launched eCaptiv, a captive insurance company domiciled in Vermont and has formed two captive programs domiciled in Vermont for small and middle market companies in the energy space. For more information about the Evolve Conference or Energi’s eCaptiv programs, please visit energi.com/evolve-conference
About Energi
Energi Inc. is the parent company for Energi Insurance Services, Inc. (MGA, Wholesaler & Program Manager), eRisk Solutions (LP Safety, Accident Recon, Environmental Management Services, Fire & Explosion Experts), eClaims Management (Claims TPA), eMarketing Strategies (Marketing Services Company) and eTech Services (Technology Services Company for the Insurance Industry). Through these companies, Energi offers specialized insurance programs along with support services meant to reduce client’s long-term loss costs and enhance their productivity.