Mauritian Eagle Insurance has published poor results

Despite the 5% premiums' increase in 2009, Mauritian Eagle Insurance (MEI) has posted a decreasing net profit of 35 million MUR (1.19 million USD) compared to 57.8 MUR (1.93 million USD) in 2008. The profitability decline is accounted for by the insurer's accumulated toxic debts. MEI's financial lease has also suffered from additional provisioning due to defaulting assets.