EGI Financial Holdings Inc. held its annual general meeting on May 14, 2013. In the meeting, shareholders of the company approved the appointment of Douglas E. McIntyre as director.

EGI Financial Holdings Inc. reported earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported direct written premiums were CAD 57,410,000 compared with CAD 43,939,000 for the same period last year. Net earned premiums were CAD 48,120,000 compared with CAD 42,170,000 for the same period last year. Net loss was CAD 910,000 or CAD 0.06 diluted per share compared with net income of CAD 3,794,000 or CAD 0.16 diluted per share for the same period last year. Net operating loss was CAD 694,000 or CAD 0.07 diluted per share compared with net operating income of CAD 1,941,000 or CAD 0.33 diluted per share for the same period last year. Book value per share was CAD 14.09 compared with CAD 13.14 for the same period last year. Underwriting loss of CAD 4.4 million, compared to a CAD 1.0 million loss in the first quarter of 2012. Net loss was primarily due to higher underwriting losses, lower net realized gains in investment income and lower net favorable development of prior year claims.

EGI Financial Holdings Inc. announced that Michel Trudeau has joined the Company as Chief Actuary, effective May 21, 2013. Mr. Trudeau's background includes over 30 years in the actuarial and property & casualty insurance industry. He has extensive experience in Canadian and international markets in the areas of P&C pricing, valuation, reinsurance, underwriting, capital management and mergers & acquisitions. His previous roles include serving as Chief Actuary for two other major Canadian insurers and as Appointed Actuary for several others as the P&C practice leader of a Canadian actuarial consulting firm.