August 23, 2014 12:48 PM ET

Insurance

Company Overview of Sirius International Insurance Corporation

Company Overview

Sirius International Insurance Corporation (publ) provides non-life reinsurance and insurance solutions. It offers international health and travel insurance for people or groups of people, who travel, work, or studying overseas. The company also provides contingency insurance and reinsurance in the areas of prize indemnity, cancellation, abandonment, non-appearance, event cancellation, over redemption, and prize indemnity/contractual bonus. In addition, it offers proportional and non-proportional treaty business coverage, such as property, marine, accident and health, aerospace, credit and bond, casualty, and travel reinsurance. Further, the company provides direct insurance and facultative ...

Birger Jarlsgatan 57B

Stockholm,  113 96

Sweden

Founded in 1945

Phone:

46 84 58 55 00

Fax:

46 84 58 55 99

Key Executives for Sirius International Insurance Corporation

Chief Executive Officer
Chairman and President
Age: 67
Chief Financial Officer
Senior Vice President and General Counsel
Chief Underwriting Officer
Compensation as of Fiscal Year 2014.

Sirius International Insurance Corporation Key Developments

Sirius International Insurance Provides Updates on Lawsuit

The U.S. District Court for the Eastern District of Wisconsin held summary judgment was inappropriate as to an insured's claim that his insurer wrongly denied coverage for injuries he sustained in a skiing accident. However, the insurer was entitled to summary judgment as to the insured's bad faith claim. Ryan Redmond was seriously injured while skiing at Grand Teton National Park. When his health insurer, Sirius International Insurance Corp., denied coverage for his injuries, Redmond sued Sirius alleging, inter alia, breach of contract and bad faith. Sirius moved for summary judgment on Sirius' breach of contract and bad faith claims. Redmond sought summary judgment on the question of coverage. Sirius contended there was no coverage because of the policy's mountaineering and skiing exclusions. The district court denied Redmond and Sirius' motions as to coverage. The court concluded the mountaineering exclusion did not apply since common sense and common usage would not equate skiing with mountaineering. As for the skiing exclusion, the district court found Redmond was engaged in recreational skiing, as required under the exclusion, and there was no evidence Redmond was skiing in violation of applicable laws, rules or regulations and/or against the advice of the local ski school or local authoritative body. The district court granted Sirius' motion for summary judgment with respect to Redmond's bad faith claim. The evidence was insufficient to permit a reasonable finder of fact to conclude that Sirius acted in bad faith in denying Redmond's claim.

Sirius International Insurance Corporation Announces Executive Changes

Sirius International Insurance Group Ltd. announced that Monica Cramer-Manhem has been appointed Chief Executive Officer of Sirius International Insurance Corporation, effective March 1, 2014. Goran Thorstensson will remain CEO until that time, when he will become Chairman of the company. He plans to retire at the end of 2014. Both are based in Stockholm, Sweden.

Sirius International Insurance Corporation Announces Election of Directors

Sirius International Insurance Corporation announced that its shareholders elected Jeffrey Davis, Lars Ek and Jan Onselius and Allan L. Waters as directors.

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