ProAssurance and Eastern have well established business models that produce excellent results over changing insurance cycles and economic conditions. Avoid profanity, slander or personal attacks. Dec 14, 2011 5:01 AM EST. The company offers both domestic U.S. and international coverage. There is no financing condition to consummate the transaction. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Free to get started, easy to add your whole sales team, commit to monthly or annual plans. Since youve just unblocked this person, you must wait 48 hours before renewing the block. We share similar employee cultures built on integrity, innovation and carefully cultivated customer and employee loyalty. Assets exceed $9.1 billion. It may therefore take some time before it appears on our website. FTX Sues to Recover $323 Million Spent in Deal for Swiss Firm, Coinbase Rallies the Most Since Debut After Ripple Ruling, An Arrest, a Ruling, a Rally: Cryptos Wild Day in the Courts. This page is not available in other languages. Eastern Insurance Holdings, Inc. 25 Race Avenue Lancaster, PA 17603 Phone: 717-396-7095 Kevin M. Shook Treasurer and CFO Interview conducted by: . Edit Lists Featuring This Company Section, Finance Acquired Companies With Fewer Than 1000 Employees, United States Insurance Companies (Top 10K). The aggregate consideration paid in connection with the merger was approximately $7.5 billion and the merger became effective at 4:05 p.m. Markets Today has everything you need to know as markets open across Europe. Medical professional liability and workers' compensation are 'long-tailed' lines which are best managed through core competencies that we both share, including disciplined underwriting, proactive risk management strategies, strong claims organizations, and a conservative approach to investing. In 2005, the company acquired US Surety company, DeMontfort Group, Ltd., Perico Ltd., MIC Life Insurance, and the Ilium Insurance Group. EIHI (EIHI) Stock Price, News & Historical Data - TheStreet However, in order to maintain the high level of discourse weve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.coms discretion. In 2016, the company acquires Bail USA, Inc., a wholesale bail agency. Eastern Insurance Holdings Inc : PBA Workers' Compensation Program [16]. Only post material thats relevant to the topic being discussed. Announces Third Quarter 2013 Results, Eastern Insurance Holdings Inc : Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Eastern Insurance Holdings, Inc. The Board of Directors of Eastern has unanimously approved the merger and resolved to recommend that Eastern's shareholders vote in favor of the transaction; shareholder approval is not required for ProAssurance. Through subsequent acquisitions and by maintaining a strong underwriting focus, the company has been in medical stop-loss insurance, as well as in the HMO reinsurance, provider excess, medical excess, sports disability, short term medical and international medical insurance markets. A suite of company and industry data that: IBISWorld provides profiles on thousands of leading companies around the world. Are you sure you want to block %USER_NAME%? WhatsApp acquired by Facebook). Markets never sleep, and neither does Bloomberg News. Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.coms discretion. Kenrick & Associates, and the Health Products Division of Allianz Life Insurance. Get 50% Off InvestingPro Now , Write your thoughts about Eastern Insurance Holdings Inc. Are you sure you want to delete this chart? Eastern Insurance Holdings, Inc. is a publicly-traded holding company (Nasdaq: EIHI) that through its operating subsidiaries is a specialty underwriter of niche products for commercial markets, with workers' compensation as our principal focus. Lorem Ipsum is simply dummy text of the printing and typesetting industry. Eastern Insurance Holdings, Inc.'s financial review, Eastern Insurance Holdings, Inc.'s Revenue (Yearly), See all Eastern Insurance Holdings, Inc.'s financial information, Eastern Insurance Holdings, Inc. information. Stockholders, Eastern Insurance Holdings Inc : Law Firm Brower Piven Announces Investigation of Eastern Insurance Holdings, Inc. Please use Search to find the security you were looking for. American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. Business Directory - Dun & Bradstreet In 2011, the company opened Primary Casualty and Excess Casualty divisions. 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Replace the attached chart with a new chart ? Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. In 1998, the company acquired Guarantee Insurance Resources. Announces Shareholder Dividend Increase, Eastern Insurance Holdings Inc : Eastern Alliance Insurance Group and Westfield Insurance Announce EastWest Alliance Multi-Line Captive Program, Eastern Insurance Holdings Inc : Eastern Insurance Holdings, Inc. EASTERN INSURANCE HOLDINGS INC : All Information and News Employees (this site): ? In 2008, the company acquired Cox Insurance Group, Arrowhead Public Risk, VMGU Insurance Agency, the Surety Company of the Pacific, and MultiNational Underwriters. ; the effects of changes in the healthcare delivery system, including, but not limited to, the Patient Protection and Affordable Care Act; consolidation of healthcare providers and entities that are more likely to self-insure and not purchase medical professional liability insurance; uncertainties inherent in the estimate of loss and loss adjustment expense reserves and reinsurance; changes in the availability, cost, quality, or collectability of insurance/reinsurance; the results of litigation, including pre- or post-trial motions, trials and/or appeals we undertake; allegations of bad faith which may arise from our handling of any particular claim, including failure to settle; changes in our organization, compensation and benefit plans; our ability to retain and recruit senior management; our ability to achieve continued growth through expansion into other states or through acquisitions or business combinations; changes to the ratings assigned by rating agencies to our insurance subsidiaries, individually or as a group; state insurance restrictions may prohibit assets held by our insurance subsidiaries, including cash and investment securities, from being used for general corporate purposes; taxing authorities can take exception to our tax positions and cause us to incur significant amounts of legal and accounting costs and, if our defense is not successful, additional tax costs, including interest and penalties; and. Breaking News . [citation needed] Avemco sells direct to the consumer through its national call center in Frederick, Maryland, and online through its website. In 2014, the company celebrated 40 years of Mind over Risk; Select Casualty unit started to provide general liability coverage to small and mid-size enterprises; HCC Medical Insurance Services expands with new Travel Insurance team. Employee Stock Ownership Plan (the "Plan") was established by Eastern Insurance Holdings, Inc. (the "Company") in order for its employees to participate in the ownership of the Company. In 2020, the company acquires GCube, a renewable energy risks specialist. An annual subscription is available with a discount. Get 50% Off InvestingPro Now , Write your thoughts about Eastern Insurance Holdings Inc. Are you sure you want to delete this chart? All Rights Reserved. Opens Gulf South Regional Office. In the US, the company has a notable market share in at least one industry: Insurance Brokers & Agencies, where they account for an estimated 0.2% of total industry revenue. What is Eastern Insurance Holdings, Inc.'s official website? In connection with the Agreement and Plan of Merger among ProAssurance, Eastern and a newly formed subsidiary of ProAssurance, (the "Merger Agreement"), Eastern intends to file a proxy statement with the United States Securities and Exchange Commission (the "SEC"). TheyreWaitingOn the Sidelines. This Amended and Restated Agreement is made as of the 21st day of December, 2011, by and between EASTERN INSURANCE HOLDINGS, INC. ("Holdings"), a Pennsylvania corporation with its principal place of business at 25 Race Avenue, Lancaster, Pennsylvania 17603 and EASTERN RE LTD., S.P.C. Eastern Insurance Holdings - Crunchbase Company Profile & Funding This company profile, along with the corresponding competitor and industry data provided, includes thoroughly researched, reliable and current information that will help you to make faster, better business decisions. Our clients rely on our information and data to stay up-to-date on business and industry trends across all sectors of the economy. Manager Special Investigations at Eastern Insurance Holdings, Inc. Lancaster, Pennsylvania, United States. Eastern Insurance Holdings, Inc. is a multiline company. We look forward to continuing to execute our strategic plan under the Eastern brand with the support, expertise and financial strength of our new partners at ProAssurance. Forward-looking statements are based upon our estimates and anticipation of future events and highlight certain risks and uncertainties that could cause actual results to vary materially from our expected results. In 2017, the company acquires AIG's Medical Stop-Loss and Organ Transplant operations. Administration & Business Support Services, Professional, Scientific & Technical Services, Specialist Engineering, Infrastructure & Contractors, Water Supply; Sewerage, Waste Management and Remediation Activities, Marsh& Mclennan Companies, Inc. Market Share: x.x%, Income (Loss) From Discontinued Operations, Amortization of Financing Costs and Discounts, Benchmarks companies against industry averages or like-sized segments, as well as close competitors, Identifies real-world strengths, opportunites, weaknesses and threats, Reveals growth opportunities or red flags in a business growth strategy, Eastern Insurance Holdings, Inc. Market Share: x.x%, Interconnected Competitor Profiles and Industry Reports. Eastern Insurance Holdings Inc. Stock Upgraded (EIHI) Eastern Insurance Holdings (Nasdaq:EIHI) has been upgraded by TheStreet Ratings from a hold to buy. Press Release dated May 4, 2010 - SEC.gov EASTERN INSURANCE HOLDINGS INC : Interim 2015 Earnings Release (Projected), EASTERN INSURANCE HOLDINGS INC : Q1 2015 Earnings Release (Projected), Eastern Insurance Holdings Inc : Eastern Insurance Holdings, Inc. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. Eastern Insurance Holdings, Inc. operates as a subsidiary of ProAssurance Corporation. We believe Eastern will bring us a high quality insurance organization that understands and operates profitably in this market, has successfully executed an expansion strategy and shares a commitment to excellent customer service. This comment has already been saved in your, Stock market today: Dow rides tech higher ahead of earnings from major banks, XRP Climbs 11% As Investors Gain Confidence, U.S. PPI ahead, China trade data disappoints - what's moving markets, U.S. CPI Data in Focus: Base Effect to Aid Downtrend, Top 20 Tech Stocks to Buy as Nasdaq Soars Amid Cooling Inflation, 3 Underperforming Stocks That Could Stage an Impressive Year-End Comeback, Vanguard Total Bond Market II Index Fund Investor, PIMCO Commodity Real Return Strategy Institutional, SG FTSE MIB Gross TR 5x Daily Short Strategy RT 18, Vontobel 7X Long Fixed Lever on Natural Gas 8.06, To use this feature, make sure you are signed-in to your account, Make sure you are signed-in with the same user profile. The referee flashed his red card and Italy went on to win the 2006 World Cup while Zidane's career was forever tainted. On the Effective Date, immediately following the Conversion, HoldCo will acquire Eastern Holding Company, Ltd., (" Eastern "), a Cayman Islands corporation which will have domesticated to Pennsylvania prior to the acquisition transaction. The Eastern Insurance Holdings,, Inc. Eastern has service offices in Pennsylvania, North Carolina, Indiana, Tennessee, Virginia, and Mississippi. Altogether, HCC Aviation insures approximately 45,000 aircraft in the United States and more than 60 countries worldwide. The Special Risks insurance offers coverage for aircraft that do not fit the typical definition of general aviation. Announces Quarterly Shareholder Dividend, Eastern Insurance Holdings Inc : Eastern Insurance Holdings, Inc. The company has strong financial ratings including an A. M. Best rating of A+ (superior), Standard & Poor's rating of AA (very strong), and Fitch Group rating of AA (very strong). The transaction, with an aggregate value of approximately $205 million, is expected to close by January 1, 2014. The call will be webcast on ProAssurance.com and on StreetEvents.com. Transaction AdvisorsProAssurance Corporation is being advised in this transaction by Raymond James & Associates and the law firm of Burr & Forman, LLP. USSIC Aviation is a market leader for air show liability, insuring a majority of the nation's air shows each year. Eastern is rated "A" (Excellent) by A.M. Best. Tokio Marine HCC is an owner of a Lloyd's managing agency and 100% capital provider of a Lloyd's syndicate. Copyright 2023 Surperformance. Eastern Insurance Holdings, Inc. - Adapt.io Monitor your investments 24 hours a day, around the clock from around the globe. Be respectful. Access all 5,000+ company profiles through the Benchmarking Pro Membership. In 2018, the company acquires Qdos Contractor, a provider of insurance products and services to the UK independent contractor and freelancer market. Eastern Insurance Holdings, Inc.'s financial review - Apollo.io New Bitcoin ETFs Now? Understand an enterprises competitive landscape and how they perform within a like-sized industry segment. EDT.[7]. When we address topics such as liquidity and capital requirements, the value of our investments, return on equity, financial ratios, net income, premiums, losses and loss reserves, premium rates and retention of current business, competition and market conditions, the expansion of product lines, the development or acquisition of business in new geographical areas, the availability of acceptable reinsurance, actions by regulators and rating agencies, court actions, legislative actions, payment or performance of obligations under indebtedness, payment of dividends, and other similar matters, we are making forward-looking statements. It also provides unique, non-owned aircraft policy coverage which protects renters and borrowers of general aviation aircraft. The company also combined two Lloyd's syndicates to achieve more operational efficiency. It sells many types of insurance with particular emphasis on second and third tier airlines, helicopters, government, military, and police operations. All rights reserved. our ability to maintain our dividend payments; regulatory, legislative and judicial actions or decisions that could affect our business plans or operations; changes in the interest rate environment; changes in U.S. laws or government regulations regarding financial markets or market. Avemco provides traditional coverage on its standard policy. Founded in 1908 by Alfred Hewton Fair, it is the largest and oldest life insurance company in Singapore and Malaysia.. : Spam and/or promotional messages and comments containing links will be removed. Thanks for your comment. Sign up to create alerts for Instruments, Eastern Insurance Holdings, Inc. is headquartered in. Your ability to comment is currently suspended due to negative user reports. EASTERN INSURANCE HOLDINGS, INC AMEND NO 1 TO S-4. - SEC.gov Who owns Eastern Insurance Holdings? Top stakeholders of Eastern Eastern Insurance Holdings, Inc. Company Profile | Lancaster, PA EASTERN INSUR HLDG : Eastern Insurance Holdings, Inc. to Release 1st Almost all the company's aviation insurance is written on three of the corporation's insurance companies. ", ProAssurance will maintain Eastern's corporate office in Lancaster, Pennsylvania and its existing regional and satellite offices under the direction of its current President and Chief Executive Officer, Michael Boguski and his management team. FFT speaks to those in the stands and in the dugout to find out the truth behind one of the World Cup's most shocking moments. Eastern's shareholders may fail to approve the merger. Since 1974, the company underwrites in the U.S. in general aviation, a category which includes many types of aircraft from helicopters to home made private planes, corporate jets, and antique "warbirds". Since youve just unblocked this person, you must wait 48 hours before renewing the block. (Logo: http://photos.prnewswire.com/prnh/20130924/CL84986LOGO), (Logo: http://photos.prnewswire.com/prnh/20081024/PROASSURANCELOGO), "This is another important strategic transaction for ProAssurance as we continue to build the insurance platform that will allow us to serve the needs of policyholders and shareholders in the years and decades ahead," said ProAssurance's Chairman and Chief Executive Officer, W. Stancil Starnes. Unlock full sales materials and reports Contacts Get in Touch with 4 Principals* and 28 Contacts Overnight on Wall Street is morning in Europe. Eastern Insurance Holdings, Inc. is in the industry of. TME operates as a subsidiary of HCC International Insurance Company plc and in partnership with Tokio Marine Kiln. Economic Events and content by followed authors, Stocks Are Hot! Where are Eastern Insurance Holdings, Inc.'s headquarters? Analyze quarterly positions in Eastern Insurance Holdings with up to 7 years of data, all consolidated into one spreadsheet. We are extremely pleased to join the ProAssurance family of companies. Historical business data for HCC Insurance Holidings, Inc.: This page was last edited on 23 March 2023, at 00:00. As of January 1, 2019, AIG companies employed 49,600 people. In addition to hull and liability, General Aviation issues policies for airports which includes overages for premises, non-critical products, completed operations and hangar-keeper's legal liability. Eastern Insurance Holdings, Inc. operates as a holding company. Thanks for your comment. Actual Revenue: # Modelled Year Started: ? Who owns Eastern Insurance Holdings? This ensures that Tokio Marine Group is able to continue servicing its clients in the European Economic Area (EEA) and to offer them stability through a seamless transition. By doing so, you and %USER_NAME% will not be able to see ProAssurance is recognized as one of the top performing insurance companies in America by virtue of its inclusion in the Ward's 50 for the past seven years and is consistently ranked as a top performing property casualty insurer in Moody's Yearly Statistical Handbook. The company formed a Property Treaty underwriting team. About Eastern Insurance Holdings Inc (EIHI) - Investing.com UK Start sales research here. . insurance market conditions may alter the effectiveness of our current business strategy and impact our revenues. Modelled Employees (all sites): ? It offers workers' compensation, other property and casualty, reinsurance, health, life, managed care, and dental insurance. Remember When Inflation Was Scaryand Bitcoin Exciting? The Company, through its subsidiaries, offers group life and health insurances services to employees, agents, and clients. [10], USSIC Aviation writes General Aviation and Special Risk insurance. Except as required by law or regulation, we do not undertake and specifically decline any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. In the US, the company has a notable market share in at least one industry: Insurance Brokers & Agencies, where they account for an estimated 0.2% of total industry revenue. [8], Avemco Insurance Company was a stand-alone NYSE company and acquired by Tokio Marine HCC in 1997. EIHI has regional offices in Lancaster, Pennsylvania, Charlotte, North Carolina, and Indianapolis, Indiana. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Unlock interactive competitor comparison tools that show you how Eastern Insurance Holdings, Inc. stacks up to the competition and put relevant competitor and industry information at your fingertips. Gather verified email addresses & phone numbers directly from LinkedIn, reach out, and see when they open your emails. Purchase a membership to unlock the full SWOT analysis of this company. Great Eastern Life - Wikipedia NMI Holdings, Inc. EMERYVILLE, Calif., July 13, 2023 (GLOBE NEWSWIRE) -- NMI Holdings, Inc., (NASDAQ: NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today . Glossary - Insurance and Related Financial Terms, http://photos.prnewswire.com/prnh/20130924/CL84986LOGO, http://photos.prnewswire.com/prnh/20081024/PROASSURANCELOGO, Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, News & Presentation An internet replay will also be available at ProAssurance.com and StreetEvents.com. However, in order to maintain the high level of discourse weve all come to value and expect, please keep the following criteria in mind: Stay focused and on track. In 2006, the company acquired Novia Underwriters, Inc., G.B. EIHI, operating specialty underwriter of niche products for commercial markets, with workers' compensation as our principal focus. Committed to making a difference for our clients and communitiesevery day Box . Lancaster, Pennsylvania. Super-charge your investing with premium access to: Javascript is disabled or is not supported by your browser. Avoid profanity, slander or personal attacks. What is Eastern Insurance Holdings, Inc.'s industry? [11], The company underwrites Directors and officers liability insurance through its HCC Global subsidiary. Tokio Marine HCC - Wikipedia EAIG is a member of the publicly-traded Eastern Insurance Holdings, Inc. ("EIHI", NASDAQ: EIHI) family of companies. In 1996, the company acquired LDG Management Company. HCC now has offices across the United Kingdom, Ireland, and Spain that provide a broad range of specialty insurance coverage including Energy, Marine, Commercial Property, Credit, Professional Indemnity, Surety Bonds, Political Risks, Accident and Health, General Liability, and Property Treaty. Target growth opportunities or spot red flags in a business growth strategy. Use our commercial database of more than 120 million business records & industry directory for company research & industry analysis. About ProAssuranceProAssurance (www.ProAssurance.com) is an industry-leading specialty insurance company with extensive expertise in medical professional liability, products liability for medical technology and life sciences and legal professional liability. EAIG has served as the underwriter and service provider . Eastern Insurance Holdings, Inc. - Company Profile - IBISWorld EASTERN INSURANCE HOLDINGS, INC. - Current report filing (8-K) EXHIBIT 99.1 Use the CB Insights Platform to explore Eastern Insurance Holdings's full profile. Your status will be reviewed by our moderators. American International Group - Wikipedia Past performance is a poor indicator of future performance. The Eastern Insurance Holdings, Inc. 2005 Stock Incentive Plan is intended to provide selected employees and non-employee directors of Eastern Insurance Holdings and its Subsidiaries with an opportunity to acquire Common Stock of the Corporation. About Eastern Insurance Holdings Inc.: EIHI operates, through its subsidiaries, a domestic casualty insurance group specializing in workers' compensation, a domestic accident and life insurance company, a third-party claims administration company and a specialty reinsurance company.