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Eastern Alliance Insurance Group Announces Midwest Executive Succession Plan

CARMEL, Ind., July 21, 2011 /PRNewswire/ -- Eastern Insurance Holdings, Inc. ("EIHI") (NASDAQ: EIHI) announced today the succession plan for its Regional Business Executive position in the Midwest Regional Office. Under EIHI's succession plan, Mort Large will join Eastern Alliance Insurance Group ("EAIG") on July 21, 2011, as the Regional Business Executive for the Midwest territory, and Mike Michael, the current Regional Business Executive, will retire from the Company in September 2011. EAIG is an indirect wholly-owned subsidiary of EIHI.

Founded in 1997, EAIG specializes in providing workers' compensation products and services to businesses and self-insured clients. EAIG entered the Midwest workers' compensation marketplace in 2008 with the acquisition of Employers Security Holding Company. Large will spearhead EAIG's long-term strategic initiatives and manage the day-to-day operations in the Midwest region. EAIG's Midwest regional office is located in Carmel, Indiana.

"We are pleased to have Mort join our organization," said Michael L. Boguski, President and Chief Executive Officer for EIHI. "Mort brings a diverse commercial insurance background and a wealth of management experience to EAIG as we continue to extend our brand in the Midwest territory."

Large has more than twenty years experience in the commercial insurance industry. He most recently served as Vice President, Underwriting Operations and Vice President, Corporate Underwriting, for Employers Insurance, and previously served in various underwriting and management roles for The Hartford and St. Paul Companies. Large holds a B.S. degree in Business Administration from Drake University and a M.B.A. from Indiana University. He also has earned a Chartered Property-Casualty Underwriting designation.

" Mike Michael has been a proven leader in the Indiana workers' compensation insurance market for over thirty years, achieving impressive results during his career," said Boguski. "His dedicated service, knowledge and experience will be missed, and we wish him well in his future endeavors."

EAIG specializes in providing workers' compensation products and services to businesses and self-insured clients. EAIG distributes its products through independent insurance agencies and has service offices in Pennsylvania, North Carolina, Indiana, Tennessee, and Virginia.

EIHI operates through its subsidiaries a domestic casualty insurance group specializing in workers' compensation, third-party administration services and a segregated portfolio cell reinsurance business. EIHI has service offices in Pennsylvania, North Carolina, Indiana, Tennessee and Virginia. EIHI's Web address is http://www.eihi.com.

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