We have provided a report on Eric Insurance Ltd’s 1Q18 results
Eric Insurance FY17 results
Eric Insurance Ltd (Eric) recently released its 3Q17 results
This week, Eric Insurance released its 1H17 results, PMP provides an update following its acquisition of IPMG, Sydney Airport announced it declined the offer to develop and operate Western Sydney Airport, and we DirectBonded new bonds from Barminco Finance and Talen Energy Supply
Eric Insurance Ltd (Eric) is a privately owned general insurer of motor related products, sold at point of sale through a network of motor vehicle dealers and finance and insurance brokers. Eric was established in 2000 under the name Fortron Insurance Group, and was re-branded to Avea in 2009 and to Eric in June 2016. The CEO, David Pemberton, joined the business in 2009 and over the last seven years has grown annual Gross Written Premium (GWP) from c$11m to $65m (FY16F). The current shareholders acquired the business in 2013.
Eric Insurance Ltd (Eric) is a privately owned general insurer of motor related products, sold at point of sale through a network of motor vehicle dealers and finance and insurance brokers
As highlighted in our initiation research, ASIC has been undertaking a review of the sale of add on general insurance policies through car dealers. Today ASIC released a report detailing what it considered various failings