Aegis Energy and Everspan Group Launch Excess Insurance Program for Petroleum Gasoline Haulers
Aegis Energy, a division of Aegis General Insurance Agency and K2 Insurance Services, has announced a strategic partnership with Everspan Group to introduce a new Excess insurance program specifically designed for Petroleum Gasoline Haulers. This program addresses the unique risks faced by companies involved in petroleum and propane distribution.
The Excess program, available nationwide except for Massachusetts, Hawaii, and Alaska, offers up to $4 million in excess coverage. This non-admitted product provides retail agents with enhanced flexibility to effectively manage the complex risks associated with the petroleum industry.
“We’re 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, enabling us to provide enhanced risk management solutions for petroleum and propane distributors across the U.S.”
Darwin Lucas, Chief Underwriting and Reinsurance Officer at Everspan, added: “At Everspan, we seek partners with unparalleled expertise and a shared commitment to underwriting excellence. Aegis Energy fits that bill perfectly. Their team is comprised of top-notch underwriters with a laser focus on downstream petroleum product distribution, uniquely positioning them to create innovative insurance solutions for their sector.”
About Aegis Energy
Aegis Energy specializes in providing comprehensive insurance and risk management solutions tailored to the downstream petroleum product distribution sector. With expertise in underwriting and risk engineering, Aegis Energy delivers exceptional service and innovative solutions to meet the unique needs of its clients.
About Everspan Group
Everspan Group is a specialty property and casualty insurance platform operating nationwide on both admitted and non-admitted bases. As a wholly owned subsidiary of Ambac Financial Group, Inc., Everspan Group brings significant expertise to the insurance market.
This new Excess program represents a significant development in the insurance solutions available to Petroleum Gasoline Haulers, addressing their specific needs and providing enhanced risk management capabilities.
