Posts by eimltd
AM Best affirms EIM’s “A” Rating
On June 1st, 2020, AM Best affirmed EIM’s Financial Strength Rating (FSR) and Issuer Credit Rating (ICR) of “A” (Stable) and “a” (Positive), respectively. In affirming both ratings, AM Best noted that EIM’s balance sheet is “underpinned by the strongest level of risk-adjusted capitalization as measured by Best’s Capital Adequacy Ratio (BCAR) model, a sound…
Read MoreCOVID-19 Public Announcement
UPDATE: August 24, 2020 We hope this announcement finds you, your families, and your colleagues healthy and safe. EIM’s “return to work date” has been moved to January 2021. During this period, staff will continue to provide members the outstanding service that is the hallmark of EIM. Many employees will continue to work from…
Read MoreJeffrey Tkacz Promoted to Chief Financial Officer
FOR IMMEDIATE RELEASE TAMPA, Fla., January 21st 2020 – Energy Insurance Mutual Limited announced today the appointment of Jeffrey M. Tkacz as Vice President and Chief Financial Officer, effective March 1, 2020. Tkacz will succeed Tommy Bolton, who will become President and Chief Operating Officer on March 1, 2020, and will succeed Scott Goodell as…
Read MoreSeason’s Greetings
The end of the year brings no greater joy than the opportunity to express our thanks for your support and extend season’s greetings and good wishes. From the EIM, EIS and ECM team, may your holidays and New Year be filled with joy.
Read More$50 Million Supplemental Distribution Declared
In September 2019, EIM reported that the Board had approved a supplemental distribution of $25 million to be paid on or before November 30 to members of record as of September 30, 2019. At the most recent Board meeting, held last week on November 14, 2019, the Board approved an increase of the supplemental distribution…
Read MoreScott Goodell to Retire in May 2020, Tommy Bolton to Succeed Goodell as President and CEO
FOR IMMEDIATE RELEASE TAMPA, Fla., Aug. 20, 2019 – Energy Insurance Mutual Limited announced today that its President and CEO, Scott Goodell will retire in May 2020, after more than ten years with the company. Tommy Bolton, EIM’s Vice President and Chief Financial Officer, will succeed Goodell as President and CEO. “Scott has been a…
Read MoreA.M. Best Revises Issuer Credit Rating Outlook to Positive for EIM
On May 13, 2019, A.M. Best affirmed EIM’s Financial Strength Rating (FSR) and Issuer Credit Rating (ICR) of “A” (Stable) and “a” (Positive), respectively. In affirming both ratings, A.M. Best noted that EIM’s balance sheet is “underpinned by the strongest level of risk-adjusted capitalization as measured by Best’s Capital Adequacy Ratio (BCAR) model, a sound…
Read MoreInsurance Advisory Committee Update – 1st Qtr. 2018
Summary of discussion items: EIM management and the IAC discussed the Risk Managers Information Meeting. Overall the meeting and the speakers were well received. EIM received positive feedback from the attendees. The IAC task force committee chairs discussed the following in a panel discussion at the Risk Managers Information Meetings discussed the following topics: Cyber…
Read MoreInsurance Advisory Committee Update – 4th Qtr. 2017
Summary of discussion items: EIM Policyholders’ Surplus grew to $1.155 billion through October, 2017. With a current membership count of 156, EIM’s membership retention remains at 99%. Energy School is scheduled for the fall of 2018 at Florida State University in Tallahassee, Florida. New business opportunities include GL- 8 submissions, D&O – 3 submissions; Property…
Read MoreInsurance Advisory Committee Update – 3rd Qtr. 2017
Summary of discussion items: EIM Policyholders’ Surplus grew to $1.129 billion through August, 2017. With a current membership count of 158, EIM’s membership retention remains at 100%. The two major hurricanes, Harvey and Irma, should not be a major loss event for EIM. New business opportunities include GL 3 submissions, D&O 2 submissions; Property 11…
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