|Contact: Ed Scott
Managing Director – Marketing
978-531-1822 (x 318)
Energi forms Energi of Canada LTD to enter CANADIAN Insurance Market
Peabody, MA: October 20, 2011:
Energi has formed a wholly owned subsidiary, Energi of Canada LTD and is entering the Canadian insurance market. Initially, Energi will offer its Energy Property Insurance Program along with Energi’s Energy Savings Warranty (ESW), Solar Installation Performance Warranty (SIPW) and Manufacturer’s Product Warranty (MPW) programs. In the near future, other lines will be available such as general liability, commercial auto, and excess for certain sectors of the Energy Industry. All products have been designed to provide customized coverage’s for the energy industry.
Energi’s CEO Brian K. McCarthy, explains the strategy, “Over the past year, we have seen significant demand for Energi product offerings in Canada and this is a natural market expansion for our company. A number of Energi’s current strategic partners have a presence in Canada which will enhance our growth and development.”
Energi has appointed Peter Lueke to lead the Canadian operations for Energi. He states, “Energi takes great pride in being able to provide specialized insurance products and unique risk management services to the energy industry. We will bring to Canada the same level of insurance expertise along with our valued added loss prevention and claims management programs that have provided Energi great success in the US market.”
Energi will act as a program administrator and coverage will be underwritten by AM Best A rated insurance companies. Energi will be appointing a limited number of Canadian independent insurance agents and brokers to market our products.
Contact Peter Lueke at (416) 800-2205 ext. 332 or visit www.emaxxgroup.com.
About Energi Holdings Inc. and Energi Insurance Services Inc.
Energi Holdings, Inc. is a Delaware based holding company that provides specialized insurance and risk management solutions to energy firms engaged in targeted market segments, through a wholly owned subsidiary Energi Insurance Services, Inc., (a Massachusetts Insurance Brokerage & Program Administration Company). Founded in 2005 by leading insurance professionals and energy industry leaders, Energi is licensed in all 50 U.S. states. www.emaxxgroup.com