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Aegis Energy, a division of Aegis General Insurance Agency and K2 Insurance Services, announces today a partnership with Everspan Group, the AM Best rated A- (Excellent) carrier, to launch a new Excess program for Petroleum Gasoline Haulers.
This Excess program is specifically designed to meet the needs of retail and wholesale Petroleum Gasoline Haulers engaged in petroleum and propane product distribution. Offering up to $4 million in excess coverage, the program is available nationwide, except for Massachusetts, Hawaii and Alaska. This non-admitted product provides enhanced flexibility for retail agents, enabling them to effectively address the unique risks faced by their petroleum industry clients.
"We are excited to launch this new Excess program in partnership with Everspan Group, a leader in the insurance sector," said Doug Strange, President of Aegis Energy. "This collaboration represents a significant step forward for Aegis Energy, as it allows us to provide enhanced risk management solutions for petroleum and propane distributors. Everspan's strong market presence and commitment to excellence align perfectly with our mission to deliver exceptional coverage and service to our clients across the U.S."
Darwin Lucas, Chief Underwriting and Reinsurance Officer at Everspan, added: "At Everspan, we seek partners who have unparalleled expertise and who share our commitment to underwriting excellence. Aegis Energy fits that bill. Doug and his team are top-notch underwriters, and their laser focus on downstream petroleum product distribution uniquely positions them to create innovative insurance solutions for their sector. This Excess program is an example of that, and we are thrilled to partner with them on it."
Posted In: AMBC
