EIM

What EIM does

EIM (Energy Insurance Mutual Limited) is a member-owned mutual insurance company incorporated in Barbados in 1986 and headquartered in Tampa, Florida. EIM exclusively serves the energy industry, providing specialized excess liability and property insurance products to electric utility, gas utility, and energy services companies across the United States and Canada. Its core product suite includes Excess General Liability (limits up to $100M per occurrence/aggregate), Excess Directors & Officers Liability (up to $50M), Excess Fiduciary Liability ($25M), Excess Cyber Liability ($10M excess of $35M), Commercial Property Coverage ($35M), and Builder's Risk ($35M). EIM operates from a base of 150+ member companies and reports a 97% member retention rate, supported by direct engagement through account managers, underwriters, the Insurance Advisory Committee (IAC), and the annual Risk Managers Information Meeting (RMIM).

EIM derives revenue primarily from insurance premiums collected from member companies; pricing is quote-based and not publicly disclosed, with annual billing cadence. As a mutual structure, excess surplus is returned to members rather than external shareholders — in 2025 the Board approved $35M in total member distributions ($25M base + $10M supplemental) for 2026 payout. The company reports a 6% expense ratio and an 84.5% combined ratio for 2025, with $216.2M in net income and $1.57B in policyholder surplus (up 16% year-over-year). EIM also operates two wholly-owned subsidiaries: Energy Insurance Services, Inc. (EIS), a sponsored cell captive insurance company providing alternative risk solutions for members, and Energy Captive Management, LLC (ECM), a South Carolina-based insurance management services subsidiary. The technology layer is a member-facing web portal for policy administration, claims filing, and member communications; the company has no disclosed AI/ML capabilities, APIs, or mobile applications.

Name

EIM

Legal name

Energy Insurance Mutual Limited

Website

https://eimltd.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

Energy Insurance Mutual (EIM) is a member-owned mutual insurance company serving 150+ electric, gas, and energy services companies across the US and Canada with specialized excess liability and property coverage, governed by its members since 1986.

Ownership category

akta.pro rank

Product category

Energy Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers (5241)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Energy & Power Specialty (Onshore/Offshore) (FSAJAGAI)

akta.pro secondary industries

Excess Casualty (Lead/Umbrella/XS) (FSAJAGAA), Professional Liability (E&O) (FSAJAGAC), Technology Errors & Omissions (Tech E&O) / Professional Liability (FSAJAOAC)

Keywords

• Excess liability insurance
• Mutual insurance company
• Energy industry insurance
• Directors and officers coverage
• Captive insurance services

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Insurance Premium Revenue: EIM generates revenue through insurance premiums collected from member companies. As a mutual insurance company, premiums are the primary revenue source, with excess surplus returned to members through distributions.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

EIM provides excess liability, property, and specialty insurance coverages to energy industry companies on a mutual basis. Core products include Excess General Liability (up to $100M), Excess Directors & Officers Liability (up to $50M), Excess Fiduciary Liability ($25M), Excess Cyber Liability, Commercial Property Coverage (up to $35M), and Builder's Risk. The company also operates subsidiaries (EIS and ECM) offering sponsored cell captive insurance and captive management services.

Product overview

Energy Insurance Mutual (EIM) is a member-owned mutual insurance company serving the energy industry since 1986. The company operates as a unified platform offering a comprehensive portfolio of excess liability and property insurance products designed specifically for utilities and energy companies. The core product suite includes Excess General Liability (up to $100M), Excess Directors & Officers Liability (up to $50M), Excess Fiduciary Liability ($25M), Excess Cyber Liability ($10M excess of $35M), Commercial Property Coverage ($35M), and Builder's Risk ($35M). EIM also provides alternative risk solutions through its wholly-owned subsidiaries: Energy Insurance Services (EIS), a sponsored cell captive insurance company offering Mutual Business Programs for customized risk management, and Energy Captive Management (ECM), which provides administrative support to EIS participants. Additional services include the Energy School professional development program, the annual Risk Managers Information Meeting (RMIM), and an Insurance Advisory Committee. The company maintains an 'A' (Excellent) AM Best rating and serves over 150 member companies with a 97% member retention rate.

Differentiator

Problem solved

Functional benefit

Brands

• Energy Insurance Services (EIS): Wholly-owned subsidiary providing sponsored cell captive insurance solutions for alternative risk management.
• Energy Captive Management (ECM)

Products and services

• Excess General Liability Excess general liability coverage with limits from $10 million up to $100 million per occurrence and in the annual aggregate, covering bodily injury, property damage, and personal injury to third parties arising from energy industry operations.
• Excess Directors & Officers Liability Excess D&O coverage with limits available from $10 million up to $50 million per wrongful act and in the annual aggregate, protecting energy industry leadership including nuclear coverage with no pollution exclusion.
• Excess Fiduciary Liability Excess fiduciary liability coverage with $25 million in coverage protecting against claims related to employee benefit plan management, including funding issues, benefit changes, plan conversions, and administrative errors and omissions.
• Excess Cyber Liability Excess cyber liability coverage with limits of $10 million excess of $35 million in underlying coverage, designed to help members protect against evolving cyber threats and digital risks.
• Commercial Property Coverage Property coverage with capacity up to $35 million on a quota share basis, providing protection for energy industry assets including earthquake, flood, and wind risks with monitored catastrophe exposure management.
• Builder's Risk Builder's Risk coverage with capacity up to $35 million per project on a quota share basis, providing comprehensive protection during construction phases for energy infrastructure projects including delay in startup, natural catastrophe coverage, and testing and commissioning.
• Energy Insurance Services (EIS) Wholly-owned stock insurance subsidiary providing sponsored cell captive insurance solutions for EIM members to utilize for placement and management of alternative risk related products through Mutual Business Programs.
• Energy Captive Management (ECM) Wholly-owned insurance management services subsidiary providing administrative support to EIS Mutual Business Program participants, including policy issuance, premium accounting, claims administration, reinsurance reporting and collection, and regulatory support.

Quantifiable outcome

• 97% member retention rate demonstrating long-term member satisfaction
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• AEGIScoreStrategic or Co-development Partner · 16 March 2026AEGIS is a co-sponsor of the Energy School professional development program alongside EIM, Everen, and NEIL. EIM's Excess D&O policy follows the AEGIS form, indicating deep integration and alignment in coverage approaches.
• EverencoreStrategic or Co-development Partner · 16 March 2026Everen is a co-sponsor of the Energy School professional development program alongside EIM, AEGIS, and NEIL, supporting professional development for new risk professionals in the energy industry.
• NEILcoreStrategic or Co-development Partner · 16 March 2026NEIL (Nuclear Electric Insurance Limited) is a co-sponsor of the Energy School professional development program alongside EIM, AEGIS, and Everen.
• Johnson Lambert & Co. LLPminorOthersJohnson Lambert & Co. LLP serves as the auditor for Energy Insurance Services (EIS), providing independent financial statement auditing services.
• South Carolina Captive Insurance AssociationminorOthersEIS and ECM participate in the South Carolina Captive Insurance Association (SCCIA) for industry networking, regulatory compliance, and captive insurance best practices.

Scale indicators12 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• AEGIS Insurance Services: Mutual insurance consortium serving the energy industry with similar excess liability and property products; explicitly partnered with EIM on Energy School and EIM's Excess D&O follows the AEGIS form, making it the most direct structural comparator.
• Everen: International energy insurance mutual headquartered in Bermuda, co-sponsoring the Energy School with EIM; comparable size, mutual structure, and energy-industry focus, providing overlapping excess casualty and property capacity to similar utility members.
• Nuclear Electric Insurance Limited (NEIL): Nuclear-focused mutual insurer of U.S. nuclear utilities, co-sponsoring Energy School with EIM; highly comparable mutual structure and energy-utility customer base, though narrower in asset focus (nuclear generation only).
• Oil Casualty Insurance Ltd. (OCIL): Bermuda-domiciled mutual insurer providing excess liability coverages to oil, gas, and petrochemical operators; comparable mutual structure, energy-sector specialization, and excess liability product set.

Broad incumbents

• Berkshire Hathaway Specialty Insurance: Large specialty insurer with an active Energy and Utilities practice offering excess liability, D&O, and property coverages to U.S. utilities; competes for the same energy-industry buyers but as part of a multi-line portfolio.
• AXA XL (Energy & Power): Global specialty insurer with a dedicated Energy/Power line offering construction, property, and liability coverages to conventional and renewable energy clients; broad incumbent with overlapping product categories.
• Liberty Specialty Markets: Specialty re/insurer with a dedicated Energy and Power unit providing excess liability, property, and construction coverages; broader portfolio than EIM but a direct competitor on individual risk placements.
• Chubb (Energy/Power Generation): Large global P&C insurer with a dedicated Power & Utilities practice offering excess casualty, D&O, and property coverages; competes in the same bidding processes but across many other lines as well.

Emerging players

• Tokio Marine HCC (Energy): Specialty insurer with an energy and upstream practice offering excess liability to oil and gas and power clients; partial overlap with EIM's excess casualty focus in oil/gas-adjacent risks.

Others

• Captive Insurance Companies Association (CICA): Industry trade association for captive insurers; recognized EIS with the 2018 Outstanding Captive Award. Not a competitor but the principal industry body shaping captive insurance regulation and best practices that EIM's subsidiaries (EIS, ECM) operate within.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/energy-insurance-mutual

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EIM