EIHI

AcronymDefinition
EIHIEastern Insurance Holdings, Inc (Lancaster, Pennsylvania; stock symbol)
References in periodicals archive ?
Eastern Re is a segregated portfolio company, or cell captive, whose general cell is a wholly owned subsidiary of EIHI and utilizes the expertise ofEmployers Alliance Inc.
Best believes EIHI and its operating companies' are well positioned at their current ratings, factors that could lead to negative rating actions include soft market conditions or lack of execution in its ongoing diversification strategies leading to a deterioration in underwriting and operating results to a level below peers for a sustained period or should there be a decline in the group's risk-adjusted capitalization.
Eastern Re is a segregated portfolio company, or cell captive, whose general cell is a wholly owned subsidiary of EIHI, which also indirectly owns the Eastern Alliance Insurance Group (EAIG).
EIHI stockholders - or anyone with knowledge about this situation - should contact lawyer Hamilton Lindley at hlindley@deanslyons.
Eastern Re issues preferred shares to 15 cell owners, which are agent or group captives that purchase workers' compensation coverage from EIHI.
The FSR of A- (Excellent) and ICRs of "a-" of Eastern Alliance Insurance Group and its property/casualty members, as well as the ICR of "bbb-"of EIHI, all of which currently have a positive outlook, are unchanged.
EIHI and ESHC have executed a merger agreement for the acquisition of ESHC and are entering the regulatory approval process with the transaction expected to close in late third quarter 2008.
5,000 To Be Awarded Annually For EIHI "Fresh Outlooks, Better Outcomes" Scholarships
Best's affirmation of the A (Excellent) rating is indicative of our excellent operational performance, thoughtful geographic expansion plans and strong financial results," said Michael Boguski, President and Chief Executive Officer of EIHI.
Best's affirmation of the A (Excellent) rating of Eastern Re recognizes its excellent operational and financial performance within the workers' compensation segregated portfolio cell ("SPC") reinsurance segment and the successful execution of our business plan with SPC owners and agency partners," said Michael Boguski, President and Chief Executive Officer of EIHI.
Eastern Re, an indirect wholly owned subsidiary of EIHI, is a segregated portfolio company, or cell captive.
This is the twenty-sixth consecutive quarterly cash dividend that EIHI has declared since becoming a public company on June 16, 2006, and its third dividend increase.