Tangram forges ahead with new fuel captive

Tangram Insurance Services has announced the launch of Forge Energy, a captive insurance program designed specifically for fuel and propane distributors.

According to Tangram fuel and propane distributors operate in one of the most complex risk environments in commercial insurance: large mixed fleets, constant pollution exposure, and a hardened auto market that pools disciplined operators together with high-risk peers. Forge Energy is designed to change that dynamic.

Forge Energy will deliver a tailored alternative risk solution, combining Tangram's extensive experience underwriting fuel and propane risks with Coaction's stable capacity, a partnership in place since 2014. The program returns underwriting profit to well-run operators, caps members' indemnity loss exposure at $350,000 per claim, and provides transparent premium allocation that the standard market does not offer.

“Forge Energy represents a natural evolution of our downstream energy strategy,” said Krissy Kyjovsky, Executive Vice President at Tangram. “We've spent years building our expertise in this space, and this captive allows us to better align risk, reward, and long-term performance, giving high-quality operators more control and a sustainable path forward.”

“Forge Energy reflects the strength of our long-standing partnership with Coaction and our team's expertise in this segment,” said Tracy Bernard, chief program officer of Balavant Insurance Group, Tangram's parent company. “By pairing disciplined underwriting with consistent, high-quality carrier capacity, we've developed a unique solution designed to provide greater stability for fuel and propane distributors.”

Forge Energy is open to retail and wholesale fuel distributors, heating oil distributors, liquefied petroleum gas (LPG) and compressed natural gas (CNG) distributors, gasoline and diesel distributors, and limited appetite for carriers of refined fuel products. It offers a comprehensive casualty program with general liability and commercial auto, including pollution. Tangram also supports the program with complimentary coverages outside of the captive, including property, excess liability, and guaranteed cost workers' compensation.

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