EGI Appoints Alvin Sharma as Chief Financial Officer

TORONTO, Sept. 20, 2012 /CNW/ - EGI Financial Holdings Inc. is pleased to welcome Alvin Sharma to the company as Chief Financial Officer, effective September 24, 2012.

Mr. Sharma brings extensive international and Canadian insurance financial experience to the Company through his previous roles at RBC Capital Markets, American Life Insurance Company (ALICO) and Sun Life Financial.  He has deep expertise in the areas of investor relations, regulatory and rating agency management, capital markets, investments, mergers & acquisitions, capital management and insurance accounting.  Mr. Sharma is a Chartered Accountant (UK) and a Chartered Financial Analyst.  He holds an Honours Bachelor of Science from the University of Warwick and a Master of Business Administration from the University of Michigan.

Steve Dobronyi, EGI's Chief Executive Officer, commented, "I'm thrilled to have someone of Alvin's calibre join the EGI team.  I'm looking forward to working with him to continue to realize the strategic goals of the company".

About EGI Financial

Founded in 1997, EGI Financial operates in the property and casualty insurance industry in Canada, the United States and Europe, primarily focusing on non-standard automobile insurance and other specialty insurance products.

SOURCE: EGI Financial Holdings Inc.

For further information:

Kathy Shulman
Investor Relations Manager
905-214-7880
ir@egi.ca
www.egi.ca

Profil de l'entreprise

EGI Financial Holdings Inc.

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