DGAP-News: Enterprise Holdings Limited / Key word(s): Incoming Orders/Monthly Figures Enterprise Holdings Limited continues growth by signing new niche insurance schemes: More than 50 million euro additional annual Gross Written Premium expected 21.01.2013 / 09:00 --------------------------------------------------------------------- Enterprise Holdings Limited continues growth by signing new niche insurance schemes: More than 50 million euro additional annual Gross Written Premium expected Continuing strong profitable growth In addition to the 36 million euro in annualised Gross Written Premium (GWP) disclosed mid of October 2012, the management achieved to underwrite additional new profitable insurance schemes of more than 50 million euro annual GWP that contribute to the profitable growth strategy. The following new Insurance Schemes have been signed within the last weeks: Greek Car Insurance Business: >15m euro Enterprise Insurance now is one of the largest car insurers in Greece. The new account insures private cars and it is expected that it will generate more than 15m euro in additional annualised GWP. With the existing schemes Enterprise currently owns approximately 10 percent of market share of the Greek car insurance business. Andrew John Flowers, CEO and Founder of Enterprise Holdings: 'While the car insurance risk is unlimited in the UK the risk for car insurers in Greece is limited to 1 million euro per individual contract of which we transfer 500k euro to our reinsurance partners. This means that we can generate GWP at a relative low risk level which results in a very profitable business.' New Motor Business Insurance in Italy: 12m euro With this new scheme Enterprise Insurance enters the Italian market and insures lorries that must be owner-driven. Most of the lorries have a gross vehicle weight of more than 3.5 tons. The new business will generate additional 12m euro annualised GWP. Andrew John Flowers, CEO and Founder of Enterprise Holdings: 'Drivers who own the lorry take much more care of their vehicles which in many cases are the basis to generate their daily income. Therefore we have a lower portfolio risk combined with a competitive premium.' UK National Health Service Scheme: 12m euro This scheme insures approximately 9,900 company cars driven by the employees of the UK National Health Service. Premium payments are made in advance on a monthly basis. Taxi Insurance in UK: 12m euro Approximately 9,000 taxis located in the UK are included in this scheme. All taxis insured must be owner-driven to ensure lower damage risk. Andrew John Flowers, CEO and Founder of Enterprise Holdings: 'This new account, that has been acquired by an insurance broker, brings us in the number 1 position becoming the market leader in taxi insurance in the UK.' Guidance The company will continue its' growth strategy to double the annual GWP to at least 180 million euro in the current fiscal year ending 31 March 2013. Simultaneously Enterprise Holdings Group expects to generate a net profit in the range of a single digit million euro amount. Special Account According to the terms and conditions of the bond, the issuer shall deposit an amount equal to 50% of the issuer's estimated monthly net distributable profits in a specially designated bank account until the monies deposited in such account reach a level equivalent to the aggregate of the principal amount of the Bond and any interest due during the term. Based on the estimated figures the company transferred 375,000 euro for September, 475,000 euro for October, 450,000 euro for November and another 375,000 euro for December 2012 to the account. As of today the total amount deposited in this separate bank account is 1,675,000 euro. The balance of this account will be published regularly on the company's website www.enterprise-holdings.de -> bond -> factsheet. Bond issue In September 2012 Enterprise Holdings Limited issued an A- rated bond in the Entry Standard segment at Boerse Frankfurt (International Security Identification Number (ISIN): DE000A1G9AQ4) For more information about the bond issue please visit our website, especially the section 'Bond' at www.enterprise-holdings.de Enterprise Holdings Group - an owner-lead insurance firm Lead by its founder the company holds several other subsidiaries together with affiliated service companies. The group offers independent white label solutions, apart from life insurance products. The affiliated companies deliver insurance specific auditing services as well as control and marketing services. The group focuses its activities on high-yield niches within the European insurance market. The main category of the offered insurances is in the field of automobile third party insurance, legal costs insurance, household contents insurance and guarantees. Main markets are currently Great Britain, France and Greece. Bond Investor Relations / Press Please direct all your requests to: max. Equity Marketing GmbH Maximilian Fischer Marienplatz 2 80331 Munich, Germany Tel: +49 89 139 28890 E-Mail: ir@enterprise-holdings.de IMPORTANT NOTE - Disclaimer Prospective investors of the Securities should recognise that the Securities constitute a risk investment, which can lead to a total loss of their investment in the Securities. Potential investors must therefore be prepared and able to sustain a partial or even a total loss of the invested capital. Any investors interested in purchasing the Securities should assess their financial situation, to ensure that they are in a position to bear the risks of loss connected with the Securities. Therefore, please contact your credit and securities institutions. The admissibility of the acquisition of a security may at various conditions, especially your nationality be bound. Please inform yourself before an investment. This information does not constitute an offer to sell or a solicitation of an offer to purchase any securities of Enterprise Holdings Limited ('issuer'). A decision on an investment in the securities of the issuer may only be made on the basis of the securities prospectus ('prospectus') which is approved by the Federal Financial Supervisory Authority (BaFin) and is published on the website www.enterprise-holdings.de. Only the information contained in the prospectus is binding in connection with the offer. This information may not be disseminated outside of Germany and Austria, in particular not in the United States, to US Persons according to regulation S of the US Securities Act of 1933 or to publications with a general circulation in the United States. Any person who fails to comply with these restrictions may violate the security laws of certain jurisdictions, in particular of the United States. Bonds in Enterprise Holdings Limited are not publicly offered outside of Germany and Austria. The Notes will not be registered under the Securities Act of 1933, or any applicable state or foreign securities laws, and are subject to substantial restrictions on transfer. In particular, the Notes may not be offered or sold in the U.S., or to or for the benefit of U.S. persons, absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. The securities mentioned in this press release are not being and will not be offered for sale to the public in the United States, Australia, Canada and Japan. End of Corporate News --------------------------------------------------------------------- 21.01.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 199447 21.01.2013
DGAP-News: Enterprise Holdings Limited continues growth by signing new niche insurance schemes: More than 50 million euro additional annual Gross Written Premium expected
| Source: EQS Group AG