DGAP-News: Enterprise Insurance starts business in Ireland - Cooperation with Ireland's largest underwriting agency

DGAP-News: Enterprise Holdings Limited / Key word(s):
Alliance/Incoming Orders
Enterprise Insurance starts business in Ireland - Cooperation with
Ireland's largest underwriting agency

11.02.2015 / 14:13

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Enterprise Insurance starts business in Ireland
Cooperation with Ireland's largest underwriting agency

Enterprise Insurance Company plc commenced writing private car business in
association with Wrightway Underwriting Ltd., the largest underwriting
agency in Ireland. The additional annual Gross Written Premium is expected
to be 7 million GBP (9 million euro).

Enterprise Insurance supports Wrightway's "Smart" insurance product which
targets profitable segments of the overall market, predominately mature
drivers with maximum NCD (No Claime Discount) and specifically company
directors with executive vehicles.

Andrew Flowers, founder and CEO of Enterprise Holdings said: "We have been
interested in the Irish market for some time and consider Wrightway the
ideal partner with which to work. Ireland's growth performance in 2014 was
considerably stronger than expected and all economic indicators are
suggesting that the recovery is strong and is continuing to gather
momentum. Car sales are making a significant contribution to the recovery
in retail sales. The market is attractive to us and the expansion into this
new territory is in line with our strategy of seeking out profitable niche
markets with high margins in a variety of European countries."

Update on Special Account
According to the terms and conditions of the bond, the issuer shall
regularly deposit money in a specially designated bank account to secure
the bond holders' position.
Therefore the company credited 11,870,000 euro to this separate bank
account and also transferred the first two interest payments of 2,450,000
euro each to the bond holders on 26 September 2013 and 2014 respectively.
Therefore the current credit balance in the special account is 7,000,000
euro which includes the interest payment received from the bank for 2013
and 2014.
The special account's monthly development is published regularly on the
company's website www.enterprise-holdings.de -> bond -> factsheet.

End of corporate news


Wrightway Underwriting Limited, Ireland
Wrightway is on the market since 1999 and is Ireland's largest underwriting
agency. The Irish motor insurance market is relatively small with a total
Gross Written Premium (GWP) of EUR 1.1 billion and comprising approximately
two million private cars and 300,000 commercial vehicles. Wrightway
provides underwriting and insurance services to a number of insurance
companies. Wrightway targets specific profitable segments and provides full
operational support to insurers. It has over 80,000 policyholders through a
countrywide panel of over 300 brokers. http://www.wrightway.ie

Enterprise Holdings Ltd. 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
general insurance solutions, apart from life insurance products. The
affiliated companies deliver insurance specific auditing services as well
as administrative and marketing services. The Group focuses its activities
on high-yield niches within the European general insurance market. The main
category of the offered insurances is in the field of automobile damage and
third party insurance, legal costs insurance, household contents insurance
and guarantees. Main markets are currently the United Kingdom, France,
Greece and Italy. http://www.enterprise-holdings.de


Bond issue
Enterprise Holdings' corporate bond is listed in the Entry Standard segment
at Boerse Frankfurt (International Security Identification Number (ISIN):
DE000A1G9AQ4). The follow-up rating in 2014, as well as in 2013, confirmed
the A- rating that has been achieved in August 2012 when Enterprise
Holdings issued a 35m euro bond.
For more information about the bond please visit our website, especially
the section "Bond" at www.enterprise-holdings.de


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.



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11.02.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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322155 11.02.2015