Reinsurance News

Markel partners with MGA Tangram propane & fuel program

16th October 2020 - Author: Charlie Wood

Financial holding company Markel has partnered with Tangram on a program to provide excess liability above Tangram’s current program in propane and fuel distribution niche.

Tangram is a Managing General Agency whose program targets dealers and distributors of fuel oil, propane, diesel and gasoline.

With the additional capacity, Tangram’s program now has the ability to provide General Liability, Property, Commercial Auto, Workers’ Compensation, Environmental Liability and Excess Liability cover up to $15 million.

“Our downstream energy program is our fastest growing niche. Tangram’s focus for the past 5 years has been to provide our specialty brokers with meaningful coverage and services from a single source,” said Rekha Skantharaja, Tangram’s President & CEO.

“With the addition of Markel’s capacity, commitment and experience in the energy space, our brokers and customers have an even more compelling reason to partner with us for the long term”

“Tangram provides an excellent underwriting platform for risk analysis, and they have a long history in this insurance space. We’re looking forward to building a solid partnership with Tangram in this line of business and sharing in mutual success and profitability,” noted Tim Pasik, Managing Director, US Excess Casualty at Markel.

Tracy Bernard, Tangram’s Head of Program Development added, “We are excited to partner with an industry powerhouse like Markel to provide excess liability to this niche.

“By providing this additional capacity we continue to demonstrate our commitment to the Fuel Distribution industry, providing a full suite of coverages for our broker partners and insureds operating in these challenging times.”

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