Energy Insurance Mutual (EIM) has appointed Megan Ogden as chief operating officer of its protected cell captive Energy Insurance Services (EIS), effective 31 March 2022.
Ogden currently holds the position of controller for EIM’s wholly-owned insurance management services subsidiary, Energy Captive Management.
Previous roles include senior vice president of Marsh Captive Solutions and head of the Charleston office at JLT Insurance Management.
Ogden also recently served as chair of the South Carolina Captive Insurance Association.
Tommy Bolton, president and CEO of EIM, comments: “Megan brings a powerful combination of skills and experience to this role. She has strong expertise in alternative insurance, finance, and business development.”
“Megan has also established meaningful relationships with EIS participants and in the captive community, and we are pleased to have her join the leadership team in the EIM family.”
The appointment follows the planned retirement of Randy Martin, who has held the position of vice president and COO since 2015.
Under Martin’s leadership, EIS launched an insurance-backed catastrophe bond for wildfire indemnity and other bespoke alternative risk solutions, formed five new cells, and saw gross premium growth of 48 per cent.
Martin adds: “I have great respect for Megan’s abilities and experience with captive and other alternative risk vehicles. Working together through this transition and having Megan assume this important role will reinforce the stability and consistency that are among the hallmarks of the EIS member experience.”
