Resource published Tue, Feb 28, 2017 at 12:16AM UTC edited Tue, Feb 28, 2017 at 12:16AM UTC
Eastern Alliance Insurance Group Review - Inova Alternative Insurance Edit Title
A legacy of providing strategic workers’ comp solutions, better outcomes, and peace of mind.
For more than 15 years, Eastern’s alternative insurance, also known as “captive” insurance, has helped employers and organizations of all types maintain better control over insurance costs and outcomes, while offering the opportunity to share in underwriting profits and investment income.
Natural stability and security through sound strategic practices.
Eastern’s Inova provides security and stability by virtue of its Segregated Portfolio Company (SPC) structure. An SPC is a single legal entity comprised of individual “protected cells.” As a captive owner, your assets and liabilities reside securely within your cell, providing your organization with a secure, stable environment.
Benefit from the strength and alternative insurance expertise of Eastern’s Inova.
Inova’s vertically integrated, fully bundled, specialty carrier approach provides a totally unified, easy-to-understand captive option. A true leader in the alternative insurance arena, Inova’s Eastern Re was the first SPC to be assigned a financial strength rating by A.M. Best Company. On August 13, 2014, A.M. Best Company reaffirmed Eastern Re’s A (Excellent) financial strength rating. Inova’s Eastern Re was also the first Segregated Portfolio Company to be authorized by the Cayman Island Monetary Authority in 1998.
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