Energy Insurance Mutual Limited News

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…
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COVID-19 Public Announcement

UPDATE: July 31, 2020 To continue to protect the health and safety of our employees and communities, we have extended our “work from home” practice through September 8, 2020. UPDATE: June 9, 2020 We hope this announcement finds you, your families, and your colleagues well. We want to provide an update on EIM and our…
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Jeffrey 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…
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Season’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.
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$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…
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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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