4 April 2019Analysis

Energi snaps up two former state insurance commissioners

Energi, a provider of alternative and captive insurance solutions in the US and Canada, has appointed former Oklahoma insurance commissioner John Doak and former North Carolina commissioner Wayne Goodwin to its board of directors.

Both hires have substantial experience in the insurance industry which Energi will make use of as it progresses into providing captive insurance programmes through eCaptiv and claims, risk management, marketing and technology solutions through eServices Companies and eTech Services.

“We are pleased to have John and Wayne join the board of directors for Energi,” said Brian McCarthy, CEO of Energi. “As former insurance commissioners, both bring a wealth of experience and expertise in the insurance industry and will be tremendous assets to the Company.”

Doak has previously held corporate positions at Marsh, Aon Risk Services, HNI Risk Services, and Ascension Insurance. While he was insurance commissioner of Oklahoma, he hosted the National Tornado Summit, an annual disaster preparedness conference for insurance professionals, emergency managers and meteorologists. He currently serves as executive vice presidnet of regulatory affairs, innovation and business development at Insurance Care Direct.

Goodwin served as North Carolina insurance commissioner for eight years, and was a proponent of state-based insurance regulation, protecting consumer right and fighting fraud. He also opened two law firms, and created his own insurance regulatory consulting firm, and has sat on various boards of directors for private businesses. He currently serves as chairman of the North Carolina Democratic Party.

James Townsend, chairman of Energi, added: “Both John and Wayne have an incredible understanding of the insurance industry as former insurance commissioners. We are very delighted to have both serve on the board of directors of Energi.”

To date, Energi has set up two group captive programmes for the energy industry through its affiliate eCaptiv. The Vermont-domiciled eCaptiv PC1-IC and PC2-IC programs are for energy companies within fuel distribution, energy transportation, energy construction, renewable energy, agricultural cooperative, and utilities segments.