Energi & HDI-Gerling America Form Strategic Partnership for US Energy Insurance Market
Peabody, MA: December 29, 2011:
Energi and HDI-Gerling America Insurance Company have formed a strategic partnership to provide a broad spectrum of risk management and insurance products to the US energy industry. Energi and HDI-Gerling America will offer policyholders the ability to employ unique risk management programs tailored to the specific needs of the energy industry, combined with insurance programs that best fit their individual businesses. The affiliation between Energi & HDI-Gerling America will provide options allowing businesses to choose between Guaranteed Cost, Large Deductible, Retrospective Rated, Group Captive and or Single Account Captive programs. These products will be offered to select sectors in the fuel distribution, fuel transport, energy construction, renewable energy, energy cooperatives, energy product manufacturers, utilities, and exploration & production markets.
Energi’s Large Deductible, Retrospective Rated Group Captive and/or Single Account Captive alternatives are structured to reduce participating companies’ collateral requirements. This is a key program feature, in light of the economic challenges facing businesses today.
“Having one of the leading industrial insurers in the world as our strategic partner provides a competitive edge in the marketplace and is an invaluable opportunity for our Company,” states Brian K. McCarthy, President/CEO of Energi.
“Energi has built a unique business model and by leveraging its expertise. HDI-Gerling America sees a unique chance to grow our U.S. business by entering this expanding specialty market,” comments Dr. Lothar Becker, President/CEO of HDI-Gerling America.
Energi Programs are offered directly or through a select network of independent insurance agents and brokers, and are available in all 50 states. Contact Edward J. Scott, Energi Chief Marketing Officer, 978-531-1822 ext. 318 or visit www.emaxxgroup.com.
Energi is an Industrial Reinsurance Company that provides specialized risk management and insurance programs to targeted sectors of the North American Energy Industry. Energi is a leading developer and underwriter of innovative insurance products to deliver critical protections for alternative energy and energy efficiency warranties. These covers mitigate the performance risk inherent in energy efficiency retrofits, commercial solar projects, and alternative energy product manufacturing. www.emaxxgroup.com
About HDI Gerling America Insurance Company, Inc.
HDI-Gerling America Insurance Company is a commercial property and casualty insurer licensed in all 50 states, Washington D.C. and Puerto Rico. The company provides commercial insurance solutions to European clients of HDI-Gerling Industrie Versicherung, a Talanx Group company, as well as commercial property insurance to U.S. domiciled multinational corporations.. www.hdi-gerling.com