WHO WE ARE
Company Profile
Founded in December 1973, Eagle Insurance Limited commenced operations in January 1974. As one of Mauritius’ leading insurance providers, we offer comprehensive insurance solutions across all sectors of the economy. Our unique market position enables us to deliver substantial benefits to our customers, backed by extensive expertise and experience for ultimate peace of mind.
We serve both individual and corporate markets, offering a wide range of short-term insurance products including Car, Home, Travel, Personal, Accident, Health, Engineering, and Boat insurance. Our diverse customer base ranges from private individuals to SMEs and large corporations. Our financial stability is reinforced by a strong capital base, strong reinsurance arrangements, and expert investment management.
Shareholding Profile
We began as a joint venture between IBL LTD (80%), one of the largest groups in Mauritius, and South African Eagle Insurance Co Ltd, now known as Bryte Insurance Company Limited (20%).
Listed on the Official Market of the Stock Exchange of Mauritius in 1993, the shareholding profile changed to 60% equity for IBL Ltd. The remaining 40% is held by HWIC Asia Fund (39.12%) and the public (0.88%).
IBL (Listed on stock exchange of Mauritius)
HWIC Asia Fund
Public
In 1996, we acquired a 15% stake in H.Savy Insurance Co. Ltd based in Seychelles, which was later increased to 20% in 2005. We also hold a stake in the shareholding of Specialty Risk Solutions Limited and more recently in Medscheme (Mtius) Limited.
Eagle Investment Property limited
Specialty Risk Solutions Limited
Medscheme (Mtius) Limited
H.Savy Insurance Company Limited (Seychelles)
Milestones
1973
Creation of Mauritius Eagle Insurance (MEI) located at Queen Street, Port-Louis with a Rs 1M subscribed capital, held by IBL (80%) and South African Eagle (20%). An initiative put to the credit of Colin Hare of IBL and Fred Haslett of South African Eagle (SAE)
1974
Start of Operations Mike Hepburn is the first General Manager of Mauritian Eagle Insurance
1975
The company moves into new premises at Dr Ferriere Street, Port-Louis
1979
Guy Leroux appointed General Manager
1991
Launch of the Life Insurance product line
1993
Listing on the Stock Exchange of Mauritius. The company’s listing on the Stock Exchange of Mauritius with 25% equity subscribed by the public. Celebration of the company’s 20 anniversary at La Pirogue Hotel
1994
Gross premium of excess of Rs 100M
1996
Acquisition of a 15% stake in H.Savy Insurance Company Limited (Seychelles)
1998
The team moves into new offices at Caudan, Port-Louis
2001
Gaetan Lan Hun Kuen appointed Managing Director Mauritian Eagle Leasing Co Ltd incorporated
2002
Gross Premium in excess of Rs 250M, Launch of Corporate Website, Opening of branch in Flacq
2003
Leading innovation, the first insurance company in Mauritius to be ISO 9001:2000 certified Rodrigues Branch opened. The operations’ limited success led to its closure 2 years later
2004
30 years celebrations at Hilton hotel MEI certified to international standards QM 9004
2005
Eric Venpin, appointed as Managing director Increase in stake in H.Savy Insurance Company Limited to 20%
2007
Rs 500m of gross premium reached Great pride in being the first Indian Ocean company certified ISO 27001: 2005 compliant
2010
The Life insurance department is beefed up; incorporation of Mauritian Eagle Life Co Ltd
2011
Andre Chung Shui appointed Managing Director of MEI
2012
ISO 20000-1:2011 certification. MEI is once more the first insurance company in the Indian Ocean
2013
Rs 1bn of gross premium reached
2015
Change in shareholding to 13% in Mauritian Eagle Leasing Co Ltd (MELCO)
2016
Listing on Stock Exchange of Mauritius Sustainability Index (SEMSI)
2018
Disposal of remaining 13% shares in MELCO
2019
Celebration of 45th Anniversary, Rebranding and change of name to Eagle Insurance Limited Relocation to new premises in Ebene
2020
Acquisition of 30% shares in Medschemes (Mtius) Limited, Delisting from the SEM since 15th July 2020
2023
Celebrations of 50 years of Eagle Insurance through a series of activities under the theme 50 Years Celebrating success” (link to video)
2024
Certified Great Place To Work - Rs 2.2bn of gross premium reached