Eastern Alliance Insurance Group, a subsidiary of Eastern Insurance Holdings, and Westfield Insurance have formed EastWest Alliance, a multi-line captive for mid-to large-size employers.
EastWest Alliance offers a multi-line product, including workers' compensation, general liability and commercial automobile coverage.
The EastWest captive programme is domiciled in the Cayman Islands through Eastern Reinsurance, a subsidiary of Eastern Insurance Holdings.
Michael Boguski, president and CEO for Eastern Insurance Holdings, said: “The [EastWest] programme provides a long-term, stable market solution backed by two well-respected regional carriers rated “A (Excellent)” by A.M. Best Company.”
“Eastern Alliance will underwrite the workers' compensation line and bring their proven specialisation in underwriting, risk management and claims administration. Westfield will underwrite and provide their respective proven expertise in underwriting, risk management and claims administration for the general liability and commercial auto lines of business.”
