Michael Windstein Named CUO for Energy Sector Captive
December 11, 2018
Energi has named Michael Windstein as chief underwriting officer (CUO) to support the underwriting for its eCaptiv programs. At the end of August, Energi announced the launch of eCaptiv LLC, a Vermont-domiciled captive insurance solution for the energy sector.
The captive solution came out of a partnership between Massachusetts-based Energi Insurance Services, a managing general agency, and Houston International Insurance Group.
Funded through client participation, eCaptiv provides auto liability, general liability, excess liability, and workers compensation coverages as well as "significant" excess reinsurance above captive retentions.
Energi offers insurance and risk solutions to energy-related industries in fuel distribution, energy transport, energy construction, utilities, renewable energy, and agricultural cooperatives.
eCaptiv has two programs, PC1 and PC2. PC1, which the Energi website refers to as a "large energy captive," targets energy companies within fuel distribution, energy transportation, energy construction, renewable energy, agricultural cooperative, and utilities with $250,000 or greater in primary casualty premiums. PC2, referred to as a "small energy captive," is for energy companies in the same space as PC1 but whose primary casualty premiums are less than $250,000.
Windstein previously worked as assistant vice president for the mid-Atlantic, where he managed the underwriting portfolio for the region. In addition to his experience at Energi, he was assistant vice president and underwriting manager at Victor O. Schinnerer and was an underwriter for the Global Energy Middle Market program at AIG specializing in the oil and gas industry.
"Windstein has been a strong asset to the underwriting operations at Energi," says Timothy Kolojay, president and chairman of eCaptiv. "His experience and knowledge of the insurance and energy industry will be critical in the success of the eCaptiv programs."
Pictured above is Mr. Windstein, photo courtesy of Energi, Inc.
December 11, 2018