People: Eastern Insurance Holdings Inc (EIHI.OQ)
EIHI.OQ on NASDAQ Stock Exchange Global Select Market
20.31USD
1 Aug 2013
20.31USD
1 Aug 2013
Price Change (% chg)
$0.78 (+3.99%)
$0.78 (+3.99%)
Prev Close
$19.53
$19.53
Open
$19.73
$19.73
Day's High
$20.62
$20.62
Day's Low
$19.73
$19.73
Volume
9,037
9,037
Avg. Vol
5,165
5,165
52-wk High
$21.30
$21.30
52-wk Low
$15.54
$15.54
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Robert McAlaine |
74 | 2006 | Presiding Non-Executive Independent Chairman of the Board |
Michael Boguski |
49 | 2011 | President, Chief Executive Officer, Director |
Kevin Shook |
43 | 2011 | Chief Financial Officer, Executive Vice President, Treasurer |
Harry Talbert |
48 | 2011 | Chief Information Officer |
Suzanne Emmet |
50 | 2010 | Senior Vice President - Claims and Corporate Compliance of Eastern Alliance Insurance Group |
Robert Gilpin |
44 | Senior Vice President - Field Operations and Marketing of Eastern Alliance Insurance Group | |
Scott Penwell |
59 | 2006 | Corporate Secretary, Independent Director |
Bruce Eckert |
68 | 2012 | Director |
Paul Burke |
49 | 2006 | Independent Director |
Ronald King |
67 | 2006 | Independent Director |
W. Lloyd Snyder |
67 | 2006 | Independent Director |
Charles Vetterlein |
51 | 2006 | Independent Director |
Biographies
| Name | Description |
|---|---|
Robert McAlaine |
Mr. Robert M. McAlaine is a Presiding Non-Executive Independent Chairman of the Board of Eastern Insurance Holdings, Inc. He also serves as Chairman of Executive Committee and Acquisition Committee, and serves as a member of Finance/Investment Committee and Compensation Committee. Mr. McAlaine served on the Board of Directors of Educators Mutual from 1985 until its conversion to a stock company in 2006, at which time Educators Mutual was renamed Eastern Life and Health Insurance Company. Mr. McAlaine continued to serve on the Board of Directors of Eastern Life and Health until the sale of the company in June 2010. As a result of his long-standing history with Educators Mutual, Mr. McAlaine was particularly well-suited to oversee the operational and cultural integration of Educators Mutual and Eastern Holding Company, which merged and formed the Company. Until 2006, Mr. McAlaine served as Managing Partner of iNetVenture Partners, a technology consulting firm that he co-founded in 2000. From December 1999 through April 2000, Mr. McAlaine was Managing Director and Shareholder of sn.com. Prior to that, he served as Chairman, Chief Executive Officer, and President of Namico, Inc., a manufacturer of industrial cleaning chemicals, a position he held for more than 18 years. Mr. McAlaine was also a General Partner in Snyder McAlaine Castle Capital Partnership from 1983 to 1990. He earned his B.A. degree from Williams College. |
Michael Boguski |
Mr. Michael Leonard Boguski serves as President, Chief Executive Officer, Director of Eastern Insurance Holdings, Inc. Mr. Boguski was President and Chief Operating Officer of EIHI and its subsidiaries until January 1, 2011, when he assumed the role of President and Chief Executive Officer of EIHI and Chairman of the Board at Eastern Re Ltd in connection with Chief Executive succession plan. Mr. Boguski was appointed to the EIHI Board of Directors on November 11, 2010. He has been with the Eastern organization since the inception of the workers’ compensation insurance business in 1997. Mr. Boguski has served on the Board of Directors of operating subsidiaries since 2001. He is responsible for the Company’s strategic direction and operations and continues to serve as the Chief Underwriting Officer at Eastern Alliance Insurance Group. Mr. Boguski brings 25 years of insurance industry experience to the Company, including previous positions as Underwriting Manager at Aetna Property & Casualty Company and Alternative Markets Underwriting Manager at the PMA Group. Mr. Boguski has led the Company’s geographic expansion initiatives, including the development of the strategic plan, state strategy assessment process, deployment of capital and execution of the regional office expansion plan. |
Kevin Shook |
Mr. Kevin M. Shook, CPA, serves as Chief Financial Officer, Executive Vice President, Treasurer of Eastern Insurance Holdings, Inc. He is the Executive Vice President, Treasurer and Chief Financial Officer of EIHI and its subsidiaries, and has been with the Company since 2001. Mr. Shook is a certified public accountant and has 19 years of insurance industry experience, including 10 years with PricewaterhouseCoopers LLP in Philadelphia where he worked with insurance and reinsurance companies in the eastern United States and Bermuda. |
Harry Talbert |
Mr. Harry Talbert serves as Chief Information Officer of Eastern Insurance Holdings, Inc. He is the Chief Information Officer of EIHI and its subsidiaries, and has been with the Company for 11 years. Prior to joining the Company in June 2000, Mr. Talbert worked for EDS for 14 years, where he was responsible for numerous insurance projects. |
Suzanne Emmet |
Ms. Suzanne M. Emmet is Senior Vice President - Claims and Corporate Compliance of Eastern Alliance Insurance Group, subsidiary of Eastern Insurance Holdings, Inc. She has been with the Company for 12 years. Ms. Emmet has 21 years of experience in claims management, including a prior position as Branch Claims manager with the PMA Group in Lemoyne, PA. |
Robert Gilpin |
Mr. Robert A. Gilpin is Senior Vice President - Field Operations and Marketing of Eastern Alliance Insurance Group, subsidiary of Eastern Insurance Holdings, Inc. He has been with the Company for 11 years. Mr. Gilpin has 20 years of insurance industry experience, including positions with the PMA Group and CIGNA. |
Scott Penwell |
Mr. Scott C. Penwell serves as Secretary, Independent Director of Eastern Insurance Holdings, Inc., since June 2006. Mr. Penwell was a founding member of Eastern Holding Company and served as a member of that Board since its inception in 1987. Mr. Penwell was a shareholder in the law firm of Stevens & Lee, P.C. until February 29, 2012. He is currently a partner in the law firm of Rhoads & Sinon LLP and works in that law firm’s Harrisburg, Pennsylvania office. Mr. Penwell is a former Chairman of the Business Law Section of the Pennsylvania Bar Association and the Insurance Law Practice group of TerraLex, and a former member of the Attorney Advisory Committee of the Pennsylvania Securities Commission and the Pennsylvania Corporation Bureau. Mr. Penwell serves on the Board’s Finance/Investment Committee and Acquisition Committee. Mr. Penwell currently serves as legal counsel to various organizations which participate in the insurance industry. Mr. Penwell received his B.A. in English from Rutgers University, his Masters degree in English from Villanova University, and his J.D. from Temple University School of Law. |
Bruce Eckert |
Mr. Bruce M. Eckert serves as Director Eastern Insurance Holdings, Inc. Mr. Eckert was Chief Executive Officer from the formation of the Company in June 2006 in connection with the conversion of Educators Mutual Life Insurance Company, or Educators Mutual, from mutual to stock form and merger with Eastern Holding Company until January 1, 2011, at which time Mr. Boguski assumed the role of Chief Executive Officer and Mr. Eckert became Vice Chairman. Mr. Eckert was Chairman and Chief Executive Officer of Eastern Holding Company from 1997 to 2006 and was the founder of its predecessor company in 1987. In 1983, Mr. Eckert co-founded Employers Alliance, Inc., which is an indirect subsidiary of the Company that handles claims administration and other third-party services. From 1980 to 2002, Mr. Eckert was a partner in the management consulting firm Lewis, Eckert, Robb and Company. During that time, Mr. Eckert worked with many companies and business associations headquartered in Pennsylvania. That background and knowledge and those business relationships remain important to Company as it maintains its business presence in Pennsylvania. Mr. Eckert was engaged by the Pennsylvania Insurance Department to rehabilitate two Pennsylvania domiciled insurance companies, Transportation Mutual Insurance Company and Rockwood Casualty Insurance Company. Mr. Eckert served as Chief Executive Officer of Rockwood from 1989 to 1994. Mr. Eckert founded what is now Eastern Alliance Group of workers’ compensation companies in 1997. Mr. Eckert received his B.A. degree from Yale University and his Juris Doctor degree from Dickinson School of Law. |
Paul Burke |
Mr. Paul R. Burke serves as Independent Director of Eastern Insurance Holdings, Inc., since June 2006. Prior to that, Mr. Burke served on the Board of Eastern Holdings, Inc., having joined that Board in 2002 concurrent with his firm’s substantial investment in that company. Mr. Burke co-founded, and is a principal of, Northaven Management, Inc. and its affiliates, Northaven Partners, L.P., Northaven Partners II, L.P., Northaven Partners III, L.P., and Northaven Offshore, Ltd (collectively, “Northaven”). Northaven was formed in 1995 to make investments in the equity and equity-linked securities of financial services firms, including banks and thrifts, insurance companies, finance companies, asset managers, securities firms, and the financial services-related portions of the information and payment processing industries. Prior to co-founding Northaven, Mr. Burke was a Vice President in Bankers Trust Company’s Financial Services Group. At Bankers Trust, he was involved in the origination and execution of merger and acquisition, restructuring, and principal transactions for financial services firms. Mr. Burke earned a B.A. in Economics from Columbia University and an M.B.A. from the Columbia Business School. He serves on the Board of Kinloch Holdings, an insurance brokerage holding company, and Square 1 Financial, a commercial bank focused on the venture capital community. |
Ronald King |
Mr. Ronald L. King serves as Independent Director of Eastern Insurance Holdings, Inc., since June 2006. He was a member of the Board of Directors of Eastern Life and Health Insurance Company (formerly Educators Mutual) from 2000 until Eastern Life and Health was acquired by Security Life Insurance Company of America in June 2010. Mr. King has had a 50-year career in the commercial and industrial insulation segment of the construction industry and presently serves as a business consultant. Mr. King became Chairman Emeritus of Specialty Products & Insulation Co., a building products distribution company, in 2004. Prior thereto, Mr. King was Chairman, President and Chief Executive Officer of Specialty Products & Insulation Co. from 1993 to 2004. Mr. King has also owned and operated a contracting business, served as a Vice President and General Manager of a national specialty contractor, and as President of a national accessory manufacturer. He is a past President of the National Insulation Association, the Southwest Insulation Contractors Association, and the World Insulation and Acoustic Congress Organization. He has been honored with the “President’s Award” on three different occasions from two insulation associations. That varied management and operational experience in a business sector, which is a principal focus of the Company’s underwriting strategy, has added immeasurably to the Board’s and management’s understanding of the diverse construction industry. Mr. King serves on the Board’s Nominating/Governance Committee and Audit Committee and Acquisition Committee and is Chairman of the Compensation/Human Resources Committee. |
W. Lloyd Snyder |
Mr. W. Lloyd Snyder, III, serves as Independent Director of Eastern Insurance Holdings, Inc., since June 2006. Mr. Snyder also served as a director of Eastern Life and Health (formerly Educators Mutual) from 2002 until the sale of the company in June 2010. Mr. Snyder is the principal owner of Snyder & Co., an investment banking firm which he formed in 1973, specializing in mergers, acquisitions, financings, valuations, restructurings and divestitures. From 1968 through 1973, Mr. Snyder was employed by Butcher and Sherrerd, a Philadelphia investment firm, in its Corporate Finance Department, and became a Partner in that firm in 1973. In addition, he has served as Chairman of Huff Paper Company since 1977. From 1983 to 1990, Mr. Snyder was a general partner in Snyder, McAlaine and Castle Capital Partnership, a private investment fund, and, from 1987 to 1992, he was a Managing Director of von Seldeneck, Snyder and Company, Inc., an investment advisory firm. Mr. Snyder has also served as a General Partner in numerous limited partnerships, most of which invested in thrift securities. Mr. Snyder’s substantial knowledge of and participation in the financial services sector for the entirety of his professional career adds a broad perspective to the Board’s management of the Company’s business. Mr. Snyder continues to serve on the Audit Committee and Acquisition Committee and is Chairman of Finance/Investment Committee. Mr. Snyder was a Trustee of The Shipley School from 1987 to 1996 and was Chairman of Shipley’s Board of Trustees from 1989 to 1995. Mr. Snyder was a Trustee of Amherst College from 1989 to 2001. Mr. Snyder was a Trustee of the Eisenhower Fellowships from 1998 to 2011, and in 2010 he became a Trustee of McLean Hospital. Mr. Snyder graduated from Amherst College in 1966 and Harvard Graduate School of Business Administration in 1968. |
Charles Vetterlein |
Mr. Charles H. Vetterlein, Jr., serves as Independent Director of Eastern Insurance Holdings, Inc., since June 2006. He was a member of the Board of Eastern Life and Heath (formerly Educators Mutual) from 2002 until the sale of the company in June 2010. Mr. Vetterlein has served as Managing Partner of the Philadelphia office of Willis North America, the third insurance brokerage firm in the world, since 2008. Prior to that, Mr. Vetterlein was President of the Philadelphia office of Hilb, Rogal and Hobbs, an insurance brokerage firm, from 1996 until it merged with the Willis Group in October 2008. Previously, Mr. Vetterlein worked for American Phoenix Corporation (a subsidiary of the Phoenix Companies) from 1986 to 1999, and was President of American Phoenix’s Philadelphia office from 1996 to 1999. Mr. Vetterlein also serves on the board of The Academy of Insurance and Risk Management at St. Joseph’s University School of Business. Mr. Vetterlein represents a critical sector in the insurance industry. Mr. Vetterlein serves on Compensation/Human Resources Committee and Nominating/Governance Committee. Mr. Vetterlein received a B.S. in Economics from Washington and Lee University. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Robert McAlaine |
-- |
Michael Boguski |
664,296 |
Kevin Shook |
502,652 |
Harry Talbert |
-- |
Suzanne Emmet |
299,943 |
Robert Gilpin |
320,375 |
Scott Penwell |
-- |
Bruce Eckert |
534,539 |
Paul Burke |
-- |
Ronald King |
-- |
W. Lloyd Snyder |
-- |
Charles Vetterlein |
-- |
As Of 30 Dec 2011
Options Compensation
| Name | Options | Value |
|---|---|---|
Robert McAlaine |
0 | 0 |
Michael Boguski |
0 | 0 |
Kevin Shook |
0 | 0 |
Harry Talbert |
0 | 0 |
Suzanne Emmet |
0 | 0 |
Robert Gilpin |
0 | 0 |
Scott Penwell |
0 | 0 |
Bruce Eckert |
0 | 0 |
Paul Burke |
0 | 0 |
Ronald King |
0 | 0 |
W. Lloyd Snyder |
0 | 0 |
Charles Vetterlein |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
EMMET SUZANNE MARIE |
1,500 | $18.65 |
SNYDER WILLIAM LLOYD III |
2,500 | $16.94 |
SNYDER WILLIAM LLOYD III |
2,500 | $0.00 |
SNYDER WILLIAM LLOYD III |
2,500 | $16.78 |
SNYDER WILLIAM LLOYD III |
2,500 | $0.00 |
EMMET SUZANNE MARIE |
50 | $14.51 |
EMMET SUZANNE MARIE |
100 | $14.53 |
EMMET SUZANNE MARIE |
30 | $14.65 |
EMMET SUZANNE MARIE |
1,820 | $14.50 |
BOGUSKI MICHAEL LEONARD |
7,000 | $0.00 |
SHOOK KEVIN MERRICK |
6,000 | $0.00 |
EMMET SUZANNE MARIE |
3,400 | $14.46 |
EMMET SUZANNE MARIE |
100 | $14.50 |
ECKERT BRUCE M |
4,200 | $0.00 |
KING RONALD LEE |
4,200 | $0.00 |
SHOOK KEVIN MERRICK |
11,500 | $0.00 |
SNYDER WILLIAM LLOYD III |
4,200 | $0.00 |
BOGUSKI MICHAEL LEONARD |
12,500 | $0.00 |
EMMET SUZANNE MARIE |
15,000 | $0.00 |
PENWELL SCOTT CARTER |
4,200 | $0.00 |
VETTERLEIN CHARLES HALL JR |
4,200 | $0.00 |
GILPIN ROBERT ANTHONY |
17,000 | $0.00 |
BURKE PAUL ROBERT |
4,200 | $0.00 |
MCALAINE ROBERT MORRIS |
4,500 | $0.00 |
PENWELL SCOTT CARTER |
5,000 | $13.20 |

