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Energy Insurance Mutual Limited News

Scott 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…
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A.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…
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$25 Million Supplemental Distribution Declared

We are pleased to advise that the EIM Board of Directors at its August 2018 meeting approved a $25 million supplemental distribution to be paid on or before November 30, 2018 to all EIM Member Companies of record at September 30, 2018. The supplemental distribution is in addition to the $40 million annual distribution provided…
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