Tangram launches Forge Energy, a captive insurance solution for fuel and propane distributors

November 12, 2026 By Ashley Pomplas 0 Comments

Tangram Insurance Services (Tangram), headquartered in Novato, California, launched Forge Energy, a captive insurance program specifically designed for fuel and propane distributors. Forge Energy’s goal is to deliver a tailored alternative risk solution, combining Tangram’s extensive experience underwriting fuel and propane risks with Coaction Specialty Insurance Group’s stable capacity, a partnership since 2014.

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

Forge Energy says it will return underwriting profit to well-run operators, cap members’ indemnity loss exposure at $350,000 per claim and provide transparent premium allocation that the standard market does not offer.

“Forge Energy represents a natural evolution of our downstream energy strategy,” says 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 is open to retail and wholesale fuel distributors, heating oil distributors, liquefied petroleum gas and compressed natural gas users, gasoline and diesel distributors, with limited appetite for carriers of refined fuel products. The program also said it offers a comprehensive casualty program with general liability and commercial auto, including pollution.

Tangram said it supports the program with complimentary coverages outside of the captive, including property, excess liability and guaranteed cost workers’ compensation.

Balavant Insurance Group, Tangram’s parent company, is a leading MGA platform that says it brings best-in-class technology, centralized services and leadership to drive profitable and scalable growth across its subsidiaries.

“Forge Energy reflects the strength of our long-standing partnership with Coaction and our team’s expertise in this segment,” says Tracy Bernard, chief program officer of Balavant Insurance Group. “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.”

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