Petroleum Marketers Management Insurance Company
PMMIC is a privately-held, A.M. Best A-rated specialty insurer that underwrites pollution liability coverage for UST and AST petroleum storage tanks, serving tank owners and operators across the U.S. via independent insurance agents and an Excess & Surplus lines policy.
- Company typePrivate
- Founded2000
- HeadquartersUrbandale, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Petroleum Marketers Management Insurance Company firmographics
Firmographics- Name
- Petroleum Marketers Management Insurance Company
- Legal name
- Petroleum Marketers Management Insurance Company
- Website
- https://pmmic.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- PMMIC is a privately-held, A.M. Best A-rated specialty insurer that underwrites pollution liability coverage for UST and AST petroleum storage tanks, serving tank owners and operators across the U.S. via independent insurance agents and an Excess & Surplus lines policy.
- Ownership category
- akta.pro rank
Petroleum Marketers Management Insurance Company industry classification
Industry- Product category
- Environmental Specialty Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Commercial General Liability (CGL) (FSAJADAA)
Keywords
Where Petroleum Marketers Management Insurance Company is headquartered
LocationHeadquarters
- HQ city
- Urbandale
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Petroleum Marketers Management Insurance Company business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Pollution Liability Insurance Premiums: PMMIC generates revenue through insurance premiums charged to UST and AST owners for pollution liability coverage. Premiums are tailored to fit each facility based on system components, inspection results, and risk profile. The company offers full coverage policies (including annual loss control inspections) and third-party-only policies (without annual inspection). Policies are compliant with federal 40-CFR requirements and state-specific regulations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | UST Full Coverage — 40-CFR compliant pollution liability with annual loss control inspection |
| Subscription | Annual | AST Full Coverage — aboveground storage tank pollution liability with annual site evaluation |
| Subscription | Annual | UST 3rd Party Coverage — bodily injury/property damage only, no annual inspection |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Petroleum Marketers Management Insurance Company product offering
Product offeringCore offering
Petroleum Marketers Management Insurance Company (PMMIC) is an A.M. Best A-rated specialty insurance carrier providing pollution liability coverage for underground storage tanks (UST) and aboveground storage tanks (AST). The company sells three core policies — UST Full Coverage, AST Full Coverage, and UST 3rd Party Coverage — to petroleum marketers and tank owners/operators, with annual loss control inspections bundled into full coverage policies and coverage available across all 50 states via Excess & Surplus lines.
Product overview
Petroleum Marketers Management Insurance Company (PMMIC) is a specialized insurance provider offering a unified pollution liability insurance platform for petroleum storage tanks. The core product portfolio consists of three insurance products: UST Full Coverage (underground storage tank), AST Full Coverage (aboveground storage tank), and UST 3rd Party Coverage. These are complemented by service modules including UST Operator Training (Class A & B) provided by subsidiary R&A Risk Professionals, Walkthrough Inspections for regulatory compliance, Monitoring Logs for leak detection record-keeping, and Claims Processing services. PMMIC does not cancel or non-renew policies due to tank age and provides annual loss control inspections with full coverage policies. The company was created by tank owners for tank owners and is owned by petroleum marketers.
Differentiator
Problem solved
Functional benefit
Products and services
- UST Full Coverage
Quantifiable outcome
- PMMIC insures tanks of all ages without non-renewal or cancellation due to tank age
- +1 more outcomes
Companies that use Petroleum Marketers Management Insurance Company
Customer profileSegments1 record
Ideal customer profiles1 record
Petroleum Marketers Management Insurance Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Petroleum Marketers Management Insurance Company partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor and core.
- GAMA (Grocery Association Managers of America)minorGAMA and PMMIC partnered to provide tank insurance to GAMA's Texas members. GAMA is a trade association serving petroleum and grocery marketing professionals.
- WFRA (Wisconsin Fuels & Retail Association)minorWFRA endorsed PMMIC Tank Insurance as a Recommended Petroleum Storage Tank Insurance Provider for WFRA members.
- R&A Risk ProfessionalscoreR&A Risk Professionals is PMMIC's managing general agent (MGA), providing all staffing, training, risk management services, and onsite inspections. R&A was founded by PMMIC President & CEO Patrick Rounds in 1999. R&A has conducted over 50,000 petroleum facility inspections throughout the United States.
Scale indicators2 records
Recent moves8 records
Expansion highlights5 records
Petroleum Marketers Management Insurance Company competitors and assessment
Company assessmentBroad incumbents
- AXA XL: Specialty P&C insurer (now part of AXA) with strong environmental liability capabilities including pollution and remediation coverage for energy and industrial accounts. Comparable to PMMIC as a leading environmental liability underwriter.
- AIG: Global insurer with dedicated environmental liability solutions covering pollution and remediation exposures for energy, manufacturing, and commercial clients. Comparable to PMMIC as a top-tier carrier in the environmental insurance market.
- Travelers: Large U.S. P&C carrier with environmental and pollution liability products serving commercial accounts. Comparable to PMMIC as an admitted multi-line insurer that competes for petroleum storage tank and pollution liability business.
- Chubb: Global P&C insurer offering Environmental Impairment Liability (EIL) and pollution liability coverage as part of a broad commercial package. Comparable to PMMIC as a major carrier writing environmental liability for commercial risks including petroleum-related exposures.
- Markel Group: Specialty insurer with diversified niche programs including environmental, energy, and commercial liability. Comparable to PMMIC as a specialty carrier pursuing underserved commercial liability niches with underwriting expertise.
- Liberty Mutual Insurance: National P&C carrier with environmental liability coverage for commercial risks. Comparable to PMMIC as a broad-line insurer offering pollution-related liability products to mid-market commercial accounts including fuel retailers.
Direct peers
- Beazley: Specialty insurer with a focused environmental liability practice writing pollution legal liability and remediation coverage for commercial clients. Comparable to PMMIC as a specialty environmental liability underwriter competing for similar UST/AST-type risks.
- Great American Insurance (Environmental Division): Specialty division within Great American focused on environmental and pollution liability for petroleum marketers, UST owners, and remediation contractors. Comparable to PMMIC as a direct specialty underwriter targeting petroleum storage tank pollution liability.
Emerging players
- Ironshore / Liberty Specialty Markets: Specialty/surplus lines insurer with environmental and energy liability capabilities distributed through wholesale brokers. Comparable to PMMIC as an E&S distributor of environmental liability coverage to commercial accounts.
- Hiscox: Specialty insurer with small-business and niche commercial liability products, including pollution liability offerings for U.S. small commercial accounts. Comparable to PMMIC in targeting underserved specialty commercial liability niches with admitted and E&S distribution.
Market position
Strengths1 record
Weaknesses1 record
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Petroleum Marketers Management Insurance Company social profiles
Digital presencePetroleum Marketers Management Insurance Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Petroleum Marketers Management Insurance Company leadership team
Management profileNumber of profiles
Profiles3 records
Petroleum Marketers Management Insurance Company subsidiaries and ownership
Company hierarchySubsidiaries2 records
Petroleum Marketers Management Insurance Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Petroleum Marketers Management Insurance Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Petroleum Marketers Management Insurance Company
What does Petroleum Marketers Management Insurance Company do?
Petroleum Marketers Management Insurance Company (PMMIC) is an A.M. Best A-rated specialty insurance carrier providing pollution liability coverage for underground storage tanks (UST) and aboveground storage tanks (AST). The company sells three core policies — UST Full Coverage, AST Full Coverage, and UST 3rd Party Coverage — to petroleum marketers and tank owners/operators, with annual loss control inspections bundled into full coverage policies and coverage available across all 50 states via Excess & Surplus lines.
Is Petroleum Marketers Management Insurance Company a public or private company?
Petroleum Marketers Management Insurance Company is a private company. It is classified as private equity controlled and is currently operating.
When was Petroleum Marketers Management Insurance Company founded?
Petroleum Marketers Management Insurance Company was founded in 2000. It employs 11 to 50 people.
Where is Petroleum Marketers Management Insurance Company based?
Petroleum Marketers Management Insurance Company is headquartered in Urbandale, United States, in the North America region.
How does Petroleum Marketers Management Insurance Company make money?
One revenue line is on record: pollution Liability Insurance Premiums.
Who are Petroleum Marketers Management Insurance Company's main competitors?
Broad incumbents on record are AXA XL, AIG, Travelers, Chubb, Markel Group and Liberty Mutual Insurance. Direct peers are Beazley and Great American Insurance (Environmental Division). Emerging players are Ironshore / Liberty Specialty Markets and Hiscox.
Does Petroleum Marketers Management Insurance Company have an API?
No public API is recorded for Petroleum Marketers Management Insurance Company.
What industry is Petroleum Marketers Management Insurance Company in?
Petroleum Marketers Management Insurance Company's product category is Environmental Specialty Insurance. Its primary akta.pro industry code is FSAJADAA, Commercial General Liability (CGL). Its NAICS code is 524126 and its SIC code is 6331.