Sirius International Insurance Group, Ltd. (SG) 2004年年度报告「NASDAQ」.pdf

1、1SIRIUS INTERNATIONAL INSURANCE CORPORATION ANNUAL REPORT 20041White Mountains introducing our ownersWhite Mountains Insurance Group.Ltd.(White Mountains or the Company)is domiciled in Bermuda and is quoted on the New York and Bermuda stock exchanges.Market capitalization at December 31,2004 was app

2、roximately$7 billion.White Mountains is an insurance holding company with business interests in property and casualty insurance and reinsurance.The Company conducts its business through:White Mountains Re global reinsurance.OneBeacon specialty and segmented personal and commercial property and casua

3、lty primary insurance.Esurance a direct marketer and under-writer of personal auto insurance.White Mountains Advisors investment management with$34 billion of assets under management.At December 31,2004,White Moun-tains reported total assets of$19 billion.Fully converted tangible book value totaled$

4、3.7 billion or$342.52 per share.White Mountains Re Group,Ltd.(White Mountains Re),a Bermuda hold-ing company,was formed in April 2004 to manage White Mountains global reinsur-ance operations.In addition to Sirius International the group includes:Folksamerica Reinsurance Company a U.S.-based global m

5、ulti-line reinsurance company.White Mountains Underwriting Limited an Ireland-based underwriting advisory company that specializes in international property and marine excess reinsurance.White Mountains Res operating companies offer lead capacity for most property,casualty,accident&health,marine,and

6、 aviation exposures.Each company is committed to White Mountains core operating principle,“Underwriting Comes First.”White Mountains Re main-tains underwriting offices in Bermuda,New York,Stockholm,Chicago,Connecticut,Dublin,Hamburg,Lige,London,Miami,Singapore,Toronto and Zurich.Business is generate