DGAP-News: Enterprise Holdings Limited: Enterprise grows

DGAP-News: Enterprise Holdings Limited / Key word(s): Investment/Change of Personnel Enterprise Holdings Limited: Enterprise grows business in Greece - Nicolas Plakidis new board member of Enterprise Hellas - Acquisition of Greek Claims Management Company Merimna S.A. - New advanced services for Greek market 08.12.2014 / 10:40 --------------------------------------------------------------------- Enterprise grows business in Greece Nicolas Plakidis new board member of Enterprise Hellas Acquisition of Greek Claims Management Company Merimna S.A. New advanced services for Greek market Enterprise Hellas SA, the company that represents Enterprise Insurance in Greece, opened its prestigious new offices in Athens. The company is managed by George Papagiannopoulos, a well-respected insurance professional, known throughout the Greek market who has a seven years association with Enterprise Insurance. Additionally Nicolas Plakidis, one of the most senior and experienced insurance professionals in Greece, was appointed to the Board of Enterprise Hellas. The new top class board member and the move to the new offices with 4,000 square meters at 364 Messogion Avenue reflect the consistent growth in Enterprise's business in Greece, which has an annual gross written premium (GWP) of circa 70m euro. The application to achieve Branch status underlines Enterprise's long-term commitment to the Greek market. Greece consistently provides Enterprise's best motor results and the company wishes to grow the book to in excess of 100m euro over the forthcoming years and to achieve a 10% market share. Moreover, additional space was required to house the enhanced claims service to be offered to Enterprise's clients. Recently, Enterprise Hellas acquired a controlling interest in the claims management company Merimna, renaming it to Enterprise Claims Management, which is also located in the new building. Andrew Flowers, CEO and founder of Enterprise Holdings, also attended the opening and comments: "The claims process has been re-engineered to provide what will be a first class service. By offering a 24/7 First Notification of Loss call centre and a network of more than 160 approved repairers with guaranteed courtesy cars for its own customers and third parties from the first day of repairs, Enterprise Hellas provides a new and advanced service for the Greek market. Another unique offering will be the payment of claims direct to the repairers. Standard market practice is that the customer pays the garage and then reclaims the expenses from the insurer. The new system will speed up claims settlement and reduce the financial burden on customers and third parties. It is anticipated, that this new service will contribute greatly to Enterprise's growing reputation and will result in more satisfied and additional customers." About Nicolas Plakidis Mr. Plakidis has a long and distinguished career in the Greek insurance market and has held senior Board positions in a number of international insurers since 1968. He was the owner and CEO of Greek insurer Cosmos Insurance and co-owner and CEO of Cypriot insurer Cosmos Cyprus Insurance Co. The Greek company was sold to AGF in 1986 to form AGF Kosmos Life Insurance Co and Kosmos Non Life Insurance Co which were ranked 6th and 4th in their respective markets. On the sale of AGF to Allianz in 1999 Mr. Plakidis became a member of the Board of Allianz Greece. Since 2002 he has become the owner of several insurance brokers in Greece and Cyprus and remains a member of the Board of Cosmos Insurance Co Cyprus. Mr. Plakidis has been member of various committees of the Union of Insurers and other professional bodies in Greece. End of press release 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 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. --------------------------------------------------------------------- 08.12.2014 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 303283 08.12.2014