PETALUMA, Calif., Oct. 14, 2020 /PRNewswire/ — Tangram Insurance Services, Inc. (“Tangram”), a Managing General Agency, and Markel Corporation on behalf of its affiliated insurance companies  (“Markel”) today announces the launch of a program to provide excess liability above Tangram’s current program in propane and fuel distribution niche.

Tangram’s program provides comprehensive insurance solutions for dealers and distributors of fuel oil, propane, diesel and gasoline. The additional excess liability capacity that Markel provides will make Tangram a one stop shop for this niche. 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.  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,” said Rekha Skantharaja, Tangram’s President & CEO.

Tracy Bernard, Tangram’s Head of Program Development noted, “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.”

“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,” said Tim Pasik, Managing Director, US Excess Casualty at Markel.

About Tangram Insurance Services,

AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS), today announced the hiring of four experienced underwriters to its U.S. Management Liability team. Christina Segreti, Drew Kushnick, Matthew Holzinger and Sherry Alexakis have joined AXIS as Senior Underwriters to help support the Company’s profitable growth in the Management Liability market.

“The growth and evolution of our Management Liability team is in response to increased demand in the market and our desire to continually enhance our underwriting capabilities to reflect the changing needs of our brokers and clients,” said Mark Paccione, Head of Commercial Management Solutions at AXIS Insurance. “Christina, Drew, Matthew and Sherry are all experienced Management Liability underwriters who will help us develop propositions that address the challenges and threats faced by businesses and their executives. I am excited to work with them and for our team to benefit from their experience and market knowledge as we advance our Management Liability offering.”

Ms. Segreti will work across Management Liability lines, including public and private Directors and Officers Liability (D&O), Employment Practices Liability (EPL), Fiduciary Liability and Crime coverages. She was most recently a Broker for Property & Casualty lines at Gallagher. Previously, Ms. Segreti focused on Management Liability insurance products as a Client Service Associate at Marsh & McLennan and as a Financial Products Underwriter at Great American Insurance. She began her career at Morgan Stanley Wealth Management as a Client Service Associate.

Mr. Kushnick’s work will also span across Management Liability lines, including public and private D&O, EPL, Fiduciary Liability and Crime coverages. Prior to AXIS, he was a Senior Underwriter at Chubb Insurance, evaluating and underwriting professional liability lines for private companies and large-scale nonprofits. He began his career in insurance at Chubb as a Financial Lines Underwriter.

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