Sirius International Insurance Group, Ltd. (SG) 2003年年度报告「NASDAQ」.pdf

1、SIRIUS INTERNATIONAL INSURANCE CORPORATION ANNUAL REPORT 20031White Mountains Insurance Group isdomiciled in Bermuda and is quoted on theNew York and Bermuda stock exchanges.On December 31,2003 it reported totalassets and tangible shareholders equity of$15.0 billion.Sirius International is part of W

2、hiteMountains Re,a wholly owned subsidiaryof White Mountains Insurance Group.White Mountains Re is one of theworlds 15 largest reinsurance organisa-tions.In addition to Sirius,the groupincludes Folksamerica Re,Fund AmericanRe and White Mountains Underwriting(Dublin and Bermuda).Annual Report 2003Whi

3、te Mountains introducing ournew ownersThese companies have combined assetsof more than$7 billion and their regulatorycapital totals approximately$2 billion.Theywrote over$2 billion in gross premiumslast year.White Mountains Re has underwritingoffices in Bermuda,Chicago,Dublin,Greenwich(Connecticut),

4、Hamburg,Lige,London,Miami,New York,Singapore,Stockholm and Toronto.White Mountains Re companies offerlead capacity for most property,casualty,accident&health and marine exposures ona worldwide basis.It provides recognisedleadership in structuring programs.2IPresidents report 2003 In the previous ann

5、ual report I indicated that all the signs werepositive-that Sirius International had thepeople and opportunities to make it an-other successful year.We are pleased toannounce that 2003 surpassed even ouroptimistic expectations.All our operations made significantgains during 2003 and we produced ours

6、econd highest insurance profits ever.Whatmade it a landmark year,however,was theannouncement in December that SiriusInternational was to become part of theWhite Mountains Group.The agreementwas closed on April 16 2004,and I amconfident that it will bring lasting benefitto Sirius and its customers.La