Aegis Power, a division of Aegis Common Insurance coverage Company and K2 Insurance coverage Companies, has joined forces with Everspan Group to launch an extra programme for petroleum gasoline haulers within the US.
The programme, now obtainable nationwide apart from Massachusetts, Hawaii and Alaska, supplies as much as $4m in extra protection.
This non-admitted insurance coverage product is designed to supply retail brokers the capability to deal with the dangers related to petroleum and propane product distribution.
Specialising within the downstream petroleum product distribution sector, Aegis Power supplies insurance coverage and danger administration options for entities concerned within the wholesale and retail sale of petroleum and propane, together with widespread carriers.
Everspan chief underwriting and reinsurance officer Darwin Lucas added: “At Everspan, we search companions who’ve unparalleled experience and who share our dedication to underwriting excellence. Aegis Power suits that invoice.
“Doug and his staff are top-notch underwriters, and their laser give attention to downstream petroleum product distribution uniquely positions them to create modern insurance coverage options for his or her sector.”
Aegis Power’s makes use of its underwriting and danger engineering experience to ship modern options that meet the distinctive necessities of its purchasers.
Aegis Power president Doug Unusual said: “We’re excited to launch this new Extra programme in partnership with Everspan Group, a pacesetter within the insurance coverage sector. This collaboration represents a major step ahead for Aegis Power, because it permits us to offer enhanced danger administration options for petroleum and propane distributors.
“Everspan’s robust market presence and dedication to excellence align completely with our mission to ship distinctive protection and repair to our purchasers throughout the US.”
Earlier within the yr, Aegis Power secured a monetary dedication of £100m ($135.02m) from Quinbrook Infrastructure Companions, a worldwide funding supervisor with a give attention to infrastructure.
These funds are allotted for the event of multi-energy refuelling stations for industrial automobiles within the UK.
