Randy Martin to Retire in March 2022, Megan Ogden to Succeed Martin as Chief Operating Officer of Energy Insurance Services
FOR IMMEDIATE RELEASE
Energy Insurance Mutual announced today the appointment of Megan Ogden as successor to Randy Martin, COO of Energy Insurance Services (EIS), upon Martin’s retirement on March 31, 2022.
Martin celebrates 30 years in the energy industry, with roles prior to his joining EIS as a broker and risk manager. Under Martin’s leadership, EIS developed a first-of-its-kind, insurance-backed catastrophe bond for wildfire indemnity and other tailored, alternative risk solutions for EIS participants. EIS formed five new cells and witnessed gross premium growth of 48% during Martin’s time at the helm. “It has been a privilege to be part of this Company, and I have truly enjoyed my time working with our Members and staff,” said Martin. EIM congratulates Martin on his upcoming retirement. His professional and personal contributions will be greatly missed.
Ogden currently serves as Controller for EIM subsidiary Energy Captive Management (ECM). She previously held positions of increasing responsibility in captive insurance management for more than fifteen years, including as senior vice president of Marsh Captive Solutions and head of the Charleston, SC office of JLT Insurance Management.
“Megan brings a powerful combination of skills and experience to this role. She has strong expertise in alternative insurance, finance, and business development. She also has established meaningful relationships with EIS participants and in the captive community, having recently served as Chair of the South Carolina Captive Insurance Association (SCCIA),” said Tommy Bolton, EIM’s President and CEO. “We are pleased to have Megan join the leadership team in the EIM family.”
Reflecting on their time together serving on SCCIA’s board of directors and since Ogden has joined the Company, Martin commented, “I have great respect for Megan’s abilities and experience with a wide array of captive and other alternative risk vehicles. Working together through this transition and having Megan assume this important role will reinforce the stability and consistency that are among the hallmarks of the EIS Member experience. Megan and I share a passion for enhancing that Member experience, which is at the center of the Company’s strategic plan.” Ms. Ogden remarked, “I am very excited to take on a new role at EIS. I look forward to meeting our community in person and continuing to deliver outstanding service, financial stability, and stable excess insurance capacity to EIS Members in the future.”