Mr. McIntyre: EGI really began life in 1997 as a broker and marketer for Lloyds of London. Subsequently, through various reformations and adding pieces to the group, EGI now owns 100% of Echelon General Insurance Company, which is a Canadian federally registered insurer licensed in all jurisdictions in Canada, and CIM Re, a Barbados-based reinsurance company that we use to structure special programs where an offshore reinsurer can add advantage. We operate two divisions: the automobile division, primarily writing nonstandard personal lines auto; and the niche products division, which is for non-auto ' generally commercial or personal specialty lines programs.
TWST: Which of these two is the larger business?
Mr. McIntyre: At the moment, the auto division is quite a bit larger.
Last year, of our current premium writings, 90% was auto. But because
the niche products area is growing quite quickly, in 2006, I think it
will be about an 85% auto and 15% niche products split.
Tickers included in this excerpt: EFH:TSX
For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.