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A.M. Best Co.
A.M. Best Comments on the Ratings of Eastern Alliance Insurance Group, Its Members and Eastern Life and Health Insurance Company
March 27th, 2009
A.M. Best Co. has commented that the ratings and positive outlook of Eastern Alliance Insurance Group (EAIG) and its members are unchanged following the recent announcement by EAIG’s holding company, Eastern Insurance Holdings, Inc. (EIHI) [NASDAQ: EIHI] that fourth quarter 2008 results were impacted by reserve development at EAIG’s sister company, Eastern Re Ltd. S.P.C. (Eastern Re) (Grand Cayman, Cayman Islands), EIHI’s run-off specialty reinsurance segment. EAIG consists of Eastern Alliance Insurance Company (EAIC), Allied Eastern Indemnity Company (AEIC), Eastern Advantage Assurance Company (EAAC) and Employers Security Insurance Company (ESIC) (Indianapolis, IN). A.M. Best also has...
Source: Health Business Week (2009-03-27)
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