Eastern Insurance Holdings reported net income of $1.9 million for the three month period ending March 31, according to its latest financial statement.

The first employee hired by Eastern Insurance Holdings, a Lancaster, Pa.-based insurance company, has been named successor to its founder, Bruce M. Eckert.

Eastern Insurance Holdings Inc. opened a satellite office in Western Pennsylvania for its subsidiary, Eastern Alliance Insurance Group (EAIG), a domestic casualty insurance group specializing in workers’ compensation insurance.

Eastern Alliance Insurance Group (EAIG) and its members had its ratings upgraded in recognition of its strong operating results and capitalization, as well as its conservative practices and financial flexibility, according to A.M. Best Co.

Choosing a greater focus on its workers’ compensation business, Eastern Insurance Holdings Inc. has announced a deal to sell its group benefits insurance subsidiary to Security Life Insurance Co. of America for at least $33 million.

Eastern Insurance Holdings is adding a satellite office in Tennessee to better serve its southeastern market.

Eastern Insurance Holdings reported net income for the fourth quarter of $2.7 million, marking a turnaround from its $18.4 million in net losses reported for the same period in 2008.

Eastern Insurance Holdings was added to the small-cap Russell 2000 Index, following the reconstitution by Russell Investments of its comprehensive set of U.S. and global equity indexes in June.

Lancaster, Pa.-based …  Read →

A Lancaster, Pa.-based casualty insurer paid a 7-cent quarterly cash dividend.

Eastern Insurance Holdings’s board of directors authorized the payment on its issued and outstanding shares of common stock, payable June …  Read →

The head of Lancaster, Pa.-based Eastern Insurance Holdings said he is pleased A.M. Best noted the performance of its subsidiaries in its recent ratings affirmation.

A.M. Best affirmed the financial strength …  Read →