ANNOUNCEMENTS/PRESS RELEASES

May 2010 - Energi Opens Offices and Hires Regional Managing Directors to Expand Presence
Energi Holdings, Inc. and Energi Insurance Services have extended their energy-focused insurance program footprint by opening additional hub offices in the United States.  Full Press Release.

April 2010 - Energi Announces The Completion Of $6.4M Equity Financing
Energi Holdings, Inc. is pleased to announce that it has completed a round of equity financing totaling $6.4M.  Energi is a leading provider of risk management and insurance solutions to certain sectors of the energy industry including Fuel Distribution, Fuel Transportation, Energy Construction, Cooperatives, Renewable Energy, Energy Products Manufacturers, Exploration & Production and Utilities.  Full Press Release.

February 2010 Energi Forms Alternative Energy Solutions Division and Initiates New Energy Products Warranty Program
Energi Holdings, Inc. is pleased to announce the formation of a new division to provide energy product Warranty Assumption and Alternative Risk Solutions. Energi’s Alternative Energy Solutions Division will structure and assume Energy Product Warranties, Extended Warranties, and provide Product Recall Insurance. Full Press Release.

December 2009 Energi Annual Shareholder Meeting
Energi’s Third Annual Shareholder Meeting scheduled on December 10, 2009 at the Harvard Club in Boston, provided an update to Shareholders from the Board of Directors and the Energi Management Team.

September 2009 Energi Annual Risk Management Seminar at Fenway Park
Energi’s Loss Prevention and Safety Team organized an informative program for shareholder and policyholder management teams focused on Risk Management and reinforcing Best Practices.

July 2009 Aon Benfield CapTivate Product Becomes Integral Solution for Energi Holdings
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, announces today that Energi Holdings, a leading industrial captive reinsurance company, has utilized its CapTivate reinsurance solution to support Energi’s growth. CapTivate is a reinsurance product tailored specifically to captives, which has been developed by Aon Benfield’s Structured Reinsurance team.  Full Press Release.

June 2009 Energi Announces Formation of Energi Excess Casualty
PEABODY, MA - Energi Holdings, Inc. is pleased to announce that it is forming a specific division to underwrite Excess Casualty business for the energy industry. This unit will have relationships with several insurance companies that have interest in writing Excess Casualty Limits. Energi facilities will provide the ability for energy companies to obtain capacity from multiple insurance companies of up to $100M. Energi will offer excess cover for certain segments including: Fuel Distribution, Cooperatives, Energy Construction, Renewable Energy, Energy Products Manufacturers, Exploration & Production and Utilities.  Full Press Release.

April 2009 New Energi Fuel Transport Program
PEABODY, Mass. -- Energi Holdings, Inc. is pleased to announce an alternative risk management program designed for the fuel transportation industry. The Energi Program is available for companies with Gasoline and/or Distillate Transporter Operations, Wholesale Distribution (including Terminal Operations and Brokered Sales) or Retail Gasoline Stations with Convenience Stores. Energi’s Fuel Transport Captive Program offers coverage for commercial general liability, commercial automobile, and workers’ compensation.
Full Press Release.

Oil & Energy Magazine
Is It Time to Own Your Own Insurance Company?
"Is It Time to Own Your Own Insurance Company?" This is the question posed by Ed Scott and Richard Metivier of Energi in their article published in the December 2008 issue of Oil & Energy Magazine.  Full Article.

October 2008 Energi Acquires Conifer Energy
PEABODY, Mass. -- Energi Holdings Inc. announced today that it has completed the purchase of substantially all of the assets of Conifer Insurance Agency, Inc. The terms of the transaction were approved unanimously by both the Energi and Conifer Boards of Directors. The terms of the transaction are not disclosed at this time.  Full Press Release.

September 2008 Annual Shareholders Meeting
FOXBORO, Mass. -- Energi Holdings Inc. held its Annual Shareholder Meeting and Risk Management Seminar at Gillette Stadium.  Click here for more info!

Oil & Energy Magazine
The Value Proposition of Being in an Insurance Captive
Is there an opportunity for energy companies to participate in a captive insurance program that can benefit their organization in the long term? Business owners should evaluate the captive model approach by learning the components of a captive and understanding the
value proposition offered.  Full Article.

August 2008 Energi to Acquire Conifer Energy
PEABODY, Mass. -- Energi Holdings Inc. and Conifer Insurance Agency, Inc. today announced that they have signed a definitive agreement under which Energi Holdings will purchase substantially all of the assets of Conifer Insurance Agency, Inc. The terms of transaction have been approved unanimously by both the Energi and Conifer Boards of Directors. The terms of the transaction are not disclosed at this time.  Full Press Release.

July 2008 Energi Program Update
Energi Holdings Inc. is pleased to announce that a significant milestone was attained as the 30th Policyholder / Shareholder joined the Energi Fuel Captive Distribution Program. The Energi Program provides property, general liability, workers’ compensation, commercial automobile, excess liability, site pollution liability, and EPLI.  Full Press Release.

November 2007 Annual Policyholders Meeting
First Annual Policyholders board meeting in Hamilton, Bermuda scheduled for November 1-4, 2007, sponsored by Conifer Energy.

Oil & Energy Magazine
Captive Insurance Program Rewards Safe Practices
February 2007.  A new insurance program developed by a Massachusetts-based insurance company exclusively for fuel distributors has launched with 15 policyholders, and enrollment is expected to quadruple in 2007.  Full Article.

New Captive for Fuel Distributors Brings Much Needed Capacity to Market
Conifer Energy Offer Captive Program for Fuel Marketers
BOSTON – Conifer Energy, a division of Conifer Insurance Agency, Inc. announced today that it has entered into definitive agreements to become the program administrator for alternative risk programs that will become part of the Energi insurance program for the fuel distribution companies. One program is designed to target Fuel Distribution companies with primary operations involving Propane and Home Heating Oil Distribution while the other program will focus primarily on Multi-Fuel Distribution companies. Energi is an insurance program for fuel distribution companies that are committed to “Industry Best Practices”. These programs will be available for retail and wholesale distribution of home heating oil, propane, gasoline, diesel, kerosene and lubricants in all 50 states. Coverages available include property, general liability, pollution liability (including site), commercial automobile, workers compensation, excess liability and directors and officers’ liability coverage.  Full Press Release.

Oil & Energy Magazine
What a fuel oil dealer operating in Connecticut should know about the financial responsibility for the Clean-up costs of a home heating oil release?
May 2006. As one of the leading risk management and insurance brokerage firms for the energy industry, Conifer Energy has witnessed numerous situations where a fuel oil dealer committed itself to cleaning up home heating oil spills without appreciating the responsibility Connecticut’s environmental laws places upon the homeowner.  Full Article.

Oil & Energy Magazine
October 2005. "Who Should Shoulder Clean-up Costs for a Home Heating Oil Release?" Author: Allain P. Collins. Page 30.

Conifer White Paper Released
Shouldering Clean-up Costs for a Home Heating Oil Release
July 2005. As one of the leading risk management and insurance brokerage firms for the energy industry, Conifer Energy has witnessed numerous situations where a fuel oil dealer
committed itself to cleaning up a fuel oil spill without taking into account the facts
giving rise to the incident. The fuel oil supplier may believe that its very presence at a fuel spill is enough to require its payment for the remediation of the contamination. However, Massachusetts’ environmental laws present different alternatives that should be considered by each dealer when confronted with such a situation.  To obtain a copy of this whitepaper, please click here.

Conifer White Paper Released
MTBE: The Environmental Crisis of the Next Decade?
September 2004.  Conifer Energy, a leading provider of insurance and risk management programs for the energy industry, has issued a white paper concerning the significant environmental impact relating to the gasoline additive chemical MTBE. The white paper is titled: “MTBE…. The Environmental Crisis of the Next Decade?”

The U.S. is faced with sharply increasing numbers of groundwater contamination discoveries relating to MBTE. Methyl tertiary butyl ether (MTBE) is a chemical compound used almost exclusively as a fuel additive in motor gasoline. Since 1992, MTBE has been used in some gasoline to meet the requirements of the Clean Air Act passed by Congress. It is currently added to approximately 87% of the gasoline consumed by the United States. Environmental problems with the compound led the EPA to provide an advance notice of its intent to eliminate or limit its use as a fuel additive. While the use of MTBE has helped to reduce harmful air emissions, it also has caused widespread and serious contamination of the nation's drinking water supplies.

The potential cost to remediate the US water supplies is estimated at $29 billion. A number of major insurance carriers, until recently, did not include MTBE exclusions in their property or liability policies. While some insurance carriers have established additional reserves in recognition of the growing MTBE exposures, others have not. Therefore, Conifer believes that the potential for a financial disaster similar to that provided by asbestos still exists.