Revocation of authorisation to carry on insurance business 2026 – Eric Insurance Limited

Insurance Act 1973

To: Eric Insurance Limited (subject to Deed of Company Arrangement) ABN 18 009 129 793

(‘the general insurer’)

Since:

1.           the general insurer was authorised under section 12 of the Insurance Act 1973 (‘the Act’) to carry on insurance business in Australia (‘the authorisation’);

1.           on 28 July 2025, the general insurer appointed McGrathNicol as Voluntary Administrator (‘McGrathNicol’);

1.            on 19 September 2025, a Deed of Company Arrangement (‘DOCA’) was entered into;

1.           McGrathNicol has advised that by virtue of the execution of the terms of the DOCA, the general insurer’s remaining liabilities in respect of its insurance business in Australia have now been extinguished;

1.           McGrathNicol has asked APRA to revoke the general insurer’s authorisation; and

1.             APRA is satisfied the general insurer has no liabilities in respect of insurance business carried on by it in Australia and revoking the authorisation would not be contrary to the national interest,

I Peter Kohlhagen, a delegate of APRA, under subsection 16(1) of the Act, revoke the general

insurer’s authorisation.

The revocation commences on the day it is made. Dated: 20 May 2026

Peter Kohlhagen Executive Director

Policy and Advice Division

Interpretation

In this instrument:

APRA means the Australian Prudential Regulation Authority.

insurance business has the meaning given in subsection 3(1) of the Act.