Officers Michael L. Boguski, CPCU, President and Chief Executive Officer Mr. Boguski has been with the Eastern orginization since the inception of the workers’ compensation insurance operation in 1997. He has served on the Board of Directors of the Company’s operating subsidiaries since 2001, and was elected to EIHI’s Board of Directors in November of 2010. He was promoted to the President and Chief Executive Officer position effective January 1, 2011. Mr. Boguski has 25 years of industry experience, including serving as Underwriting Manager at Aetna Property & Casualty Company and as Alternative Market Underwriting Manager at the PMA Group. He is a member of the Young Presidents Organization (YPO), and currently serves as the Finance Officer for the YPO Keystone Chapter. Mr. Boguski graduated from Bloomsburg University with a B.S. in Business Management, and earned his CPCU designation in 1995. Kevin M. Shook, CPA, Executive Vice President, Treasurer and Chief Financial Officer Mr. Shook has 20 years of insurance industry experience, including 10 years with PricewaterhouseCoopers LLP (PwC) in Philadelphia, and is responsible for all financial aspects of Eastern Insurance Holdings and its subsidiaries. During his tenure with PwC, Mr. Shook worked with insurance and reinsurance companies in the eastern United States and Bermuda, and specialized in assisting clients with initial public offerings, mergers and acquisitions and internal control reviews. Mr. Shook was elected to the Board of Directors of Eastern Re Ltd., SPC during 2011. Mr. Shook is a graduate of Fairfield University with a B.S. in Accounting, and is a Certified Public Accountant. He joined the Eastern family of companies in 2001.
Corporate Profile Eastern Insurance Holdings, Inc. (EIHI) is a publicly-held company (NASDAQ: EIHI) that, through its operating subsidiaries, is a specialty writer of niche products for commercial markets, with workers’ compensation as the principal focus. Each of the subsidiaries – Eastern Alliance Insurance Group, Eastern Re Ltd., SPC and Employers Alliance, Inc. – maintains an unwavering focus on delivering innovative solutions to the markets each serves. The Eastern Family of Companies Eastern Alliance Insurance Group (EAIG): Founded in 1997, Pennsylvania-based EAIG is a specialty underwriter of workers’ compensation products and services for businesses and organizations in the Mid-Atlantic, Midwest and Southeast regions of the United States. Eastern Re Ltd., SPC (Eastern Re): Organized in 1987 as a Cayman-domiciled program reinsurer and licensed in 1998 as a segregated portfolio company, Eastern Re offers a variety of Alternative Market workers’ compensation solutions to individual companies, groups and associations through the creation of segregated portfolio cells. Previously, Eastern Re also participated in a reinsurance treaty with an unaffiliated insurance company related to an underground storage tank insurance program and a non-hazardous waste transportation product. On December 9, 2010, EIHI sold more than 96 percent of the total reserves of the underground storage tank and non-hazardous waste transportation products. Employers Alliance, Inc.: Founded in 1983, Pennsylvania-based Employers Alliance provides fee-based property-casualty claims administration, risk management services and consulting services to a broad range of self-insured employers and alternative market programs in the Mid-Atlantic, Midwest and Southeast regions of the United States. Vision, Mission and Values VISION A specialty insurance marketplace where integrity, service and relationships drive results. MISSION To be the premier provider of specialty insurance products and services recognized in the industry for bringing fresh outlooks and providing better outcomes to employees, shareholders, agents, clients and their employees. CORE VALUES Integrity - We strictly adhere to a level of personal conduct that embraces professionalism, honesty and credibility. Our behavior is the benchmark to which others aspire. Innovation - We sustain a work environment that fosters energy, creativity and a passion for excellence. Our employees are committed to identifying progressive solutions to meet the needs of our business partners. Leadership - We employ individuals who inspire confidence in those who come in contact with them. Our leaders are measured by their actions, not words. Relationships - We work collaboratively with our business partners to improve their productivity and bottom-line profitability.