Icpei Hldgs Inc (EGFHF)

EGI Financial Holdings Inc was incorporated on August 18, 1997, under the Business Corporations Act (Ontario) and is domiciled in Canada. The Company operates two businesses in Canada: Personal Lines and Specialty Programs. . Personal Lines focuses on the underwriting of EGI's non-standard automobile insurance, and insurance for motorcycles, antique and classic vehicles, trailers, motor homes and recreational vehicles. Specialty Programs designs and underwrites specialized insurance programs, such as higher premium property, primary and excess liability, legal expense and extended warranty coverage for homes, consumer products and heavy equipment. The Company also operates in several European countries through its International division. Through Personal Lines division, the Company is engaged mainly in the underwriting of high premium, non-standard automobile insurance. Through Specialty Programs division, the Company designs and underwrites non-auto insurance programs, such as higher premium property, primary and excess liability, legal expense, accident and health insurance and warranty coverage. Through International division the Company underwrites European property, automobile and other niche and specialty insurance products. The Company has reinsurance treaties with several unaffiliated reinsurers. It purchases reinsurance to reduce its exposure to the insurance risks that it assumes in writing business. The Company's competitors include Jevco Insurance Company, Perth Insurance Company and Pafco Insurance Company, among others. The Company's insurance subsidiaries are subject to the insurance legislation and policies of the jurisdictions in which they each carry on business.