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Eastern Alliance Insurance Group Appoints Steven Weeks Regional Business Executive For New Gulf South Regional Office

Stocks in this article: EIHI

LANCASTER, Pa., July 24, 2012 /PRNewswire/ -- Eastern Insurance Holdings, Inc. (Nasdaq: EIHI) ("EIHI," "Eastern") announced today that Steven Weeks has joined Eastern Alliance Insurance Group ("EAIG") as its Regional Business Executive for the Gulf South territory. EAIG, an indirect wholly-owned subsidiary of EIHI, is a domestic casualty insurance group specializing in workers' compensation insurance.

Weeks will spearhead EAIG's long-term strategic initiatives and manage the day-to-day operations in its new Gulf South region, encompassing Mississippi, Alabama, Arkansas and Louisiana. EAIG plans to open a Gulf South regional office in the Madison, Mississippi area later this year.

"We welcome Steve to the Eastern family of companies," said Michael L. Boguski, President and Chief Executive Officer for EIHI. "Expansion into the Gulf South territory supports Eastern's strategy to allocate excess capital to its organic growth plan. Steve's significant workers' compensation experience in the Mississippi marketplace is a tremendous asset to Eastern as we extend our brand and full complement of workers' compensation products and services into the region."

Weeks has twenty-four years of experience in the property and casualty insurance industry, with specific focus on workers' compensation and medical professional liability. He most recently served as the Director of four companies and five profit centers in Mississippi for HPI Company and MHA Solutions. He previously served as the Second Vice President of Marketing/Sales for the Virginia Insurance Reciprocal/The Reciprocal Group. He currently serves on the board of the Mississippi Association of Self Insurers and the Mississippi Workers' Compensation Committee Advisory Council. He earned a Bachelors of Business Administration in Marketing from Belhaven College in Jackson, Mississippi, and maintains a producer's license in property and casualty and surplus lines.

Over the past few years, EAIG has received regulatory approval to write casualty insurance products in the region through subsidiaries Eastern Alliance Insurance Company, Allied Eastern Indemnity Company, and Eastern Advantage Assurance Company. EAIG will staff the Gulf South regional office with underwriting, marketing, claims and risk management professionals.

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