What’s New

HEMIC Rated A (Excellent) with Stable Outlook by A.M. Best

December 21, 2017 — HONOLULU, HAWAI‘I — A.M. Best Co. has affirmed the Financial Strength Rating of A (Excellent) and the Issuer Credit Rating of “a” for Hawaii Employers’ Mutual Insurance Company, Inc. (HEMIC). The outlook of these Credit Ratings continues to be “Stable.” HEMIC has attained an A rating from A.M. Best every year since they were first rated in 2007. HEMIC is the leading provider of workers’ compensation insurance in Hawaii, serving over 6,500 businesses with over 75,000 workers. “As a mutual insurance company, our primary obligation is to our policyholder members,” said Marty Welch, Chief Executive Officer... Read More

HEMIC Celebrates CEO Marty Welch, Awarded “Business Leader of the Year”

Congratulations, Marty! On Thursday, November 9, HEMIC celebrated our CEO Marty Welch, who was honored with the American Savings Bank Business Leader of the Year award at PBN’s Business Leadership Hawaii awards banquet. This award honors an individual from the business, public, or non-profit sectors who has made a significant difference in Hawai’i. The award is intended to recognize contributions in the last 12-18 months, but judges may also consider a longer pattern of individual leadership. In presenting the Business Leader of the Year award, PBN Publisher Tammy Mencel, spoke of how HEMIC has undergone a culture change and significant expansion... Read More

HEMIC Directors Declare $3.5 Million Dividend

HEMIC Has Returned over $31 Million in Dividends to Policyholders Over the Last 11 Years September 25, 2017 — HONOLULU. During HEMIC’s 20th anniversary year, the Board of Directors of Hawaii Employers’ Mutual Insurance Company, Inc. (HEMIC) has declared a $3.5 million dollar dividend payable to qualifying policyholders. This is $0.5 million dollars more than HEMIC’s dividend last year, and is the eleventh consecutive year that the HEMIC Board has authorized a multi-million dollar dividend. With this dividend, HEMIC will have returned over $31 million dollars to Hawaii businesses over the last decade-plus. Policyholders insured with HEMIC for more than... Read More

CEO Marty Welch Honored as “Business Executive of the Year” Finalist

Congratulations to our CEO, Marty Welch, who has been honored as a finalist for “Business Executive of the Year” in the 7th Annual Pacific Edge Magazine Business Achievement Awards. This award recognizes corporate executives who have made a great impact on their organization through innovation, integrity, growth and inspiring their company to excellence in every aspect of business. “As a company, we strive to spotlight the most innovative and inspirational professionals and organizations in our community,” said Naomi Hazelton, co-publisher of Pacific Edge magazine. Marty’s nomination recognized how, under his leadership, HEMIC has evolved into an innovative, first-in-class insurance provider... Read More