Our History

Our History

our history

Company Profile

Established in December 1973, Eagle Insurance Limited started its operations in January 1974.

We are one of the leading insurance companies in Mauritius which provides comprehensive insurance solutions across a broad range of sectors. Our distinctive position in the market allows us to bring significant benefits to our customers, with a breadth and depth of expertise and experience that provides ultimate peace of mind.

We operate on both the individual and corporate markets, transacting all classes of short-term insurance business such as Car, Home, Accident, Health, Engineering, and Boat insurance. We have built an extensive portfolio of customers, from private individuals to SMEs, and large corporates. Our inherent financial strength is due mainly to our strong capital base and sound reinsurance arrangements.

 

Shareholding:

We started as a joint venture between IBL LTD (80%), one of the biggest groups on the island, and South African Eagle Insurance Co Ltd, now known as Bryte Insurance Company Limited (20%).

Admitted on the Official Market of the Stock Exchange of Mauritius in 1993, the shareholding profile changed to 60% of the equity for IBL Ltd. The remaining 40% of share is held by HWIC Asia Fund (15%) and the public (25%) respectively.

We have also acquired a 15% stake in H.Savy Insurance Co. Ltd based in Seychelles during the year 1996, which was subsequently increased to 20% in 2005.

Group Structure

structure
structure

Milestones

  1. 2019
    Change of Name to Eagle Insurance Limited
  2. 2019
    Celebrates its 45th anniversary
  3. 2016
    Admitted on the Stock Exchange of Mauritius Sustainability Index (SEMSI)
  4. 2015
    It reduces its shareholding to 13% in Mauritian Eagle Leasing Co. Ltd
  5. 2013
    Second branch opens in Trianon
  6. 2013
    Awarded the ICT Excellence Award 2013 for Website of the Year
  7. 2007
    Awarded the ISO 27001:2005 Certification – ISMS
  8. 2005
    Eagle Insurance increases its stake in H.Savy Insurance to 20%
  9. 2003
    Obtains ISO 9001:2000 Certification – QMS
  10. 2002
    First branch opens in Flacq
  11. 2002
    Launch of its corporate website
  12. 2001
    Establishment of a Leasing Company
  13. 1998
    Moves into new premises at Caudan
  14. 1996
    It acquires a 15% stake in H.Savy Insurance Company Ltd
  15. 1993
    The company is listed on the Stock Exchange of Mauritius (SEM)
  16. 1974
    Eagle Insurance (ex-Mauritian Eagle Insurance) starts operations