Energi Holdings, Inc. is a Delaware based holding company established in 2005 to provide risk management and insurance brokerage services to energy firms engaged in specific market segments, with a wholly owned subsidiary Energi Insurance Services, Inc. (a Massachusetts Insurance Brokerage & Program Administration Company).
The Company is a leader in providing comprehensive insurance programs to the Energy Industry in all 50 states and has been instrumental in the development of insurance provider programs, from coverage forms to effective loss prevention programs. EHI has developed exclusive relationships with many insurance companies and strategic partners. In addition, the Company has developed a proprietary safety and loss prevention program, SafetyPLUS™ and Energi Live™ that is customized for clients. The Company's shareholders include leading energy distribution companies, a preeminent worldwide reinsurance company and Energi management.
Energi's mission is to be the leading provider of specialized insurance and risk management solutions that target specific segments of the energy industry and fulfill our clients needs.
Energi is committed to understand our client's business, exceed expectations, and to employ our vision, innovation, expertise, and teamwork to create and provide premier insurance programs.
Brokerage
A unique and proven distribution model that provides a portal of direct access to valued customers for both retail and wholesale insurance business. The Company provides wholesale insurance brokerage in the U.S. for guaranteed cost insurance products of a number of leading insurance companies. As a result of its wholesaling capabilities, the Company can offer one-stop shopping for its network of appointed insurance agents and brokers and also offer other insurance programs for clients who may not qualify or may not be interested in an alternative risk program. The Company's wholesaling capabilities and carrier relationships are also utilized to provide other lines of coverage not included in its alternative risk programs.
Program Administration
The Company targets certain segments of the Energy Industry including fuel distribution, fuel transport, renewable energy, energy construction, energy excess, energy property and cooperatives. Energi Insurance Services, Inc. is a national wholesaler for several major insurance carriers and is licensed to sell insurance in all 50 states & Canada. Over the past fifteen years, the Company has developed considerable expertise in its ability to assess risk and to provide effective risk management solutions for the energy industry. As a result of this experience, the Company has developed a substantial book of energy business with loss ratios that are significantly lower than industry averages. The Company serves as the program administrator for the Energi Program. As program administrator, the Company performs the initial underwriting review & pricing. The Company also has responsibility for product distribution, loss prevention services and claims oversight.
Reinsurance
The Company plans to provide reinsurance coverage for its own programs and potentially to other insurance programs within certain segments of the energy industry. These reinsurance programs may take the form of quota-share arrangements or may mean assuming larger retentions during periods of increasing reinsurance costs when management concludes that purchasing reinsurance is no longer cost effective. The Company believes that reducing its dependence on reinsurance by increasing retentions under certain market conditions could enhance its financial results, and return on capital employed.
