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Monday 30 January 2017 by FIIG Research Company factsheets

Eric Insurance Ltd AUD 10.0% 4 August 2026 subordinated Tier 2 bond factsheet

THIS CONTENT IS SUITABLE FOR WHOLESALE INVESTORS ONLY

Eric Insurance Ltd AUD 10.0% 4 August 2026 subordinated Tier 2 bond

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.

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