Tangram Launches Forge Energy, a Member-Owned Captive Insurance Solution for Fuel and Propane Distributors

NOVATO, Calif., Sept. 17, 2026 /PRNewswire/ -- Tangram Insurance Services ("Tangram") today announced the launch of Forge Energy, a captive insurance program designed specifically for fuel and propane distributors.

Fuel and propane distributors operate in one of the most complex risk environments in commercial insurance: large mixed fleets, constant pollution exposure, and a hardened auto market that pools disciplined operators together with high-risk peers. Forge Energy is designed to change that dynamic.

Forge Energy will deliver a tailored alternative risk solution, combining Tangram's extensive experience underwriting fuel and propane risks with Coaction's stable capacity, a partnership in place since 2014. The program returns underwriting profit to well-run operators, caps members' indemnity loss exposure at $350,000 per claim, and provides transparent premium allocation that the standard market does not offer.

"Forge Energy represents a natural evolution of our downstream energy strategy," said Krissy Kyjovsky, Executive Vice President at Tangram. "We've spent years building our expertise in this space, and this captive allows us to better align risk, reward, and long-term performance, giving high-quality operators more control and a sustainable path forward."

"Forge Energy reflects the strength of our long-standing partnership with Coaction and our team's expertise in this segment," said Tracy Bernard, Chief Program Officer of Balavant Insurance Group, Tangram's parent company. "By pairing disciplined underwriting with consistent, high-quality carrier capacity, we've developed a unique solution designed to provide greater stability for fuel and propane distributors."

Forge Energy is open to retail and wholesale fuel distributors, heating oil distributors, liquefied petroleum gas (LPG) and compressed natural gas (CNG) distributors, gasoline and diesel distributors, and limited appetite for carriers of refined fuel products. It offers a comprehensive casualty program with general liability and commercial auto, including pollution. Tangram also supports the program with complimentary coverages outside of the captive, including property, excess liability, and guaranteed cost workers' compensation. 

With its combination of specialized underwriting, aligned incentives, and strong carrier partnership, Forge Energy is designed to deliver a leading captive solution for the downstream energy industry. For more information, contact Wes Osswald, Global Head of Distribution, at [email protected].

About Tangram Insurance Services
Tangram Insurance Services is a national MGA program manager bringing in-depth expertise and specialized program capabilities to a variety of industries including energy and fuel distribution. For more than 25 years, Tangram has partnered with top-tier carriers to build niche insurance solutions. Tangram Insurance Services is part of Balavant Insurance Group. For more information, visit tangramins.com. 

About Balavant Insurance Group
Balavant Insurance Group is a leading MGA platform bringing best-in-class technology, centralized services, and leadership to drive profitable and scalable growth across its subsidiaries. For more information, visit balavantinsurancegroup.com.

About Coaction Specialty Insurance Group

Coaction Specialty Insurance Group (Coaction) is a privately-owned, specialty P&C insurance company. Coaction is a full specialty underwriter across seven (7) major product verticals: Property, Primary Casualty, Excess Casualty, Entertainment, Professional Lines, Binding Authority, and Marine, Energy, & Transportation.

Through these verticals, Coaction provides a range of coverages to U.S. customers via both open brokerage and delegated underwriting authority platforms. Coaction's authentic, collaborative, and results-oriented culture is reflected in the focused approach the company takes to fulfilling the needs of each individual customer by combining product, analytics, and underwriting capabilities with strong industry knowledge and partnerships to develop real-world solutions. Through data-driven insights and collaboration with partners, the company coacts with customers and partners to rationally manage risk so businesses and communities can build a more ambitious, confident, and sustainable future. For more information, visit coactionspecialty.com.

SOURCE Tangram Insurance Services