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Contacts
stockholmSirius International Insurance Corporation (publ) SE-113 96 Stockholm, Sweden
Eva Andersson, Senior Vice President Phone: +46 8 458 5583 | e-mail: [email protected]
Karin Spyrakis, Senior Underwriter Phone: +46 8 458 5504 | e-mail: [email protected]
hamburgSirius Rückversicherungs Service GmbH Neuer Wall 52, D-20354 Hamburg, Germany
Tobias Panckow, Senior Underwriter Phone: +49 40 3095 1922 | e-mail: [email protected]
Florian Lowes, Assistant Underwriter Phone: +49 40 3095 1916 | e-mail: [email protected]
londonSirius International Insurance Corporation (publ) UK Branch Floor 4, 20 Fenchurch Street, London EC3M 3BY & Syndicate 1945 at Lloyd’s
Ross McGregor, Senior Underwriter Phone: +44 20 3772 3034 | e-mail: [email protected]
Russell Trory, Underwriter Phone: +44 20 3772 3030 | e-mail: [email protected]
Nathan O’Donnell, Underwriter Phone: +44 20 3772 3090 | e-mail: nathan.o’[email protected]
singaporeSirius International Insurance Corporation (publ) (Asia Branch) 24 Raffles Place 10-01/02 Clifford Centre, 048 621 Singapore
Jessie Yuen, Underwriter Phone: +65 6435 0052 ext 835 | e-mail: [email protected]
Michael Ang, Underwriter Phone: +65 6435 0052 ext 833 | e-mail: [email protected]
www.siriusgroup.com
Sirius International Property, Direct & Facultative
fact sheet
About usOur ownercmig international holding pte. ltd.(“CMIG International”) – A Singapore based investment holding company, ultimately owned by private investors, with a focus on international investments, assets management and cross-border M&A.
sirius international insurance group, ltd. (“Sirius Group”) is a Bermuda-domiciled holding company whose operating companies offer a rich variety of reinsurance and insurance products serving clients and brokers through our global office network.
Principal Operating Companies sirius bermuda insurance company ltd.(“SBDA”) – A Bermuda based leading reinsurer for Property, Casualty and Accident & Health focused on US and Latin American treaty business. SBDA is the top operating company in the Group and began writing business after receiving the Class 4 license from the Bermuda Monetary Authority in 2016. SBDA also writes US treaty business through an advisory agreement with Sirius America Re Managers.
sirius international insurance corporation (publ)(“Sirius International”) – An international (re)insurer based in Sweden focused on Property, Accident & Health and other short tail business. Sirius International is the largest reinsurance company in Scandinavia and a leading reinsurer in the European markets. Sirius International’s head office is in Stockholm with offices in Bermuda, Hamburg, Liège, London, Shanghai, Singapore and Zurich. Sirius International is 100% owned by Sirius Bermuda.
sirius america insurance company(“Sirius America”) – A U.S. based (re) insurance company focused on Property and Accident & Health coverages as well as speciality lines. Sirius America serves clients throughout North America and Latin America from its headquarters in New York City and its branch offices in Miami, Norwalk and Toronto. Sirius America is a 100% owned subsidiary of Sirius International.
sirius international managing agency limitedThe Lloyd’s Managing Agency, established in 2014, is responsible for Syndicate 1945 and 100% owned by Sirius International. The Syndicate focuses primarily on Accident & Health, Casualty and Property.
sirius global solutions, incA management and insurance subsidiary established to serve clients seeking to reduce exposure to historical liabilities and/or exit a line of business.
Property direct & facultative capacity
capacityMUSD 50 (excl. the Americas and Caribbean where lower capacity applies).
stockholm and hamburgMaximum share written per acceptance: 25–30%.
We underwrite homeowners, commercial and industrial risks but occupancies such as steel, wood-working, plastics, mining and petrochemicals are only written on a non-proportional basis.
londonFor the London portfolio, we can consider all occupancies on a primary, quota share and excess of loss basis.
singaporeTo complement the existing property facultative business written out of the London office, our capacity is split for Asian business. We write both proportional and non-proportional business.
Geographical split based on domicile of the original insured
Business Profile
property• Underwritten from Stockholm, Bermuda, Hamburg, Liège,
London and Singapore - representing roughly 50% of the portfolio and emanating from more than 100 countries
• Over 40% of the business is from Europe
• Facultative reinsurance and direct business is written in Stockholm, Hamburg, London, Singapore and Syndicate 1945
accident & health• Second largest line of business written almost entirely in
our London branch and Syndicate 1945
• The portfolio consists of Health, PA and Travel accounts
aviation & space• Third largest line of business
• All lines of aerospace are underwritten in our Zurich branch
• 90% Aviation & 10% Space
marine & energy• Marine business is written in most units, focusing on local
accounts
• A limited Energy account is written in our London branch and Syndicate 1945
credit and bond• Written in our Liège branch
• The portfolio consists mainly of Trade Credit pro rata
casualty• Written actively in our London branch and Syndicate 1945 and
on a selective basis across all other offices
• The treaty portfolio is mainly written in Syndicate 1945 and consists of all professional liability lines, GL, Workers Comp and Medical Malpractice
OUR FINANCIAL STRENGTH
Sirius International
A.M. Best A (excellent)
Standard & Poor’s A– (strong)
SYND 1945*
A.M. Best A (excellent)
Standard & Poor’s A+ (very strong)
* The Syndicate benefits from the Lloyd’s market ratings
Sirius International Insurance Corporation
stockholm officeScandinaviaFinlandIcelandBaltic StatesPolandCzech RepublicSlovakiaHungaryBelgiumFranceLuxemburgMaltaPortugalSpainItalyGreeceCyprusTurkey
hamburg officeGermanyAustriaSwitzerlandNetherlandsRussia & CIS countriesBosnia & HerzegovinaCroatiaKosovoMacedoniaSerbiaSloveniaAlbaniaBulgariaRomania
london officeUKIrelandNon-European Territories
singapore officeAsia (Excl. Japan and Indian subcontinent except Sri Lanka)
financial highlights Sirius International Insurance Corporation (incl. Sirius America and Synd 1945) Jan–Jun 2018 Jan–Dec 2017
Gross Premium Income MUSD 969 MUSD 1 294
Net Premium Income MUSD 529 MUSD 705
Underwriting Result MUSD 53 MUSD –74
Combined Ratio % 86 % 110
Income before tax MUSD 128 MUSD –48
Solvency Capital MUSD 1 789 MUSD 1 812
Solvency Capital MSEK 16 015 MSEK 14 870
* Sirius International Insurance Corporation on a consolidated IFRS basis
combined ratio – comparison withworldwide reinsurance industryConsistency over the pricing cycle
1) Represents published industry results as per S&P’s global reinsurance highlights for Top 40 Reinsurers. 2017 reflects currently available peer set.
2009
2010
2011
2012
2013
2014
2015
2016
2017
0
30
60
90
120
150
Sirius GroupWorldwide Reinsurance Industry 1)
111%
108%
