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 and utilizes the expertise ofEmployers Alliance Inc.
Eastern Re issues preferred shares to its cell owners, which are agent or group captives that purchase workers' compensation coverage from EIHI.
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).
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.
With the acquisition of ESHC, EIHI is purchasing a mono-line provider of Indiana workers' compensation insurance, which offers guaranteed cost policies for the small to medium sized risk, as well as large deductible products for their larger risks.
5,000 To Be Awarded Annually For EIHI "Fresh Outlooks, Better Outcomes" Scholarships
Emmet is the Senior Vice President of Claims for EIHI.
Eastern Re, an indirect wholly owned subsidiary of EIHI
, is a segregated portfolio company, or cell captive.
Completion of the conversion was conditioned upon the simultaneous acquisition of EHC and its subsidiaries by EIHI