Positioning

With a group turnover of more than Rs 1 billion and a gross premium income of Rs 750 million in year 2007 & 2008, Mauritian Eagle is recognised as one of the leading insurance companies in Mauritius. Mauritian Eagle Insurance's inherent financial strength is due mainly to its strong capital base and sound reinsurance arrangements.

History, Shareholding and Company Structure

Mauritian Eagle Insurance was incorporated in December 1973 and started its operations in January 1974.

Mauritian Eagle Insurance started as a joint venture between Ireland Blyth Ltd (80%), one of the biggest groups on the island, and South African Eagle Insurance Co Ltd, presently a member of the Zurich Financial Services Group, (20%).

Mauritian Eagle Insurance was listed on the Stock Exchange of Mauritius in 1993 and the shareholding profile changed to 60% of the equity for Ireland Blyth Ltd, and the remaining 40% held by South African Eagle Insurance Co Ltd (15%) and the public (25%) respectively.

Mauritian Eagle Insurance acquired a 20% stake in H Savy Insurance Co. Ltd in the Seychelles, as well as detaining a 51% stake in Mauritian Eagle Leasing Co. Ltd.

Products and Services

Mauritian Eagle Insurance operate in both the domestic and commercial markets, transacting all classes of short term insurance. The company also offers several life assurances and pension plans.

Reinsurance arrangements are currently in force with recognised reinsurance companies such as Munich Re, Hannover Re Africa Ltd and Swiss Re among others. The company's actuaries are Belvidere Consultants (PTY) Ltd, B&W Deloitte and Hannover Life Re Africa Ltd.

In October 2001, Mauritian Eagle through its subsidiary, The Mauritian Eagle Leasing Co. Ltd., launched its leasing operations with the main objective of providing finance leases to clients.

The Mauritian Eagle Leasing Co. Ltd. also holds its license of deposit taking from the Bank of Mauritius and offers very competitive terms and conditions.