Company Overview of Sirius International Insurance Corporation
Sirius International Insurance Corporation (publ) provides insurance and reinsurance solutions. It offers international health and travel insurance for those people or groups of people, who travel, work, or study 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 reinsu...
Birger Jarlsgatan 57B
Stockholm, 113 96
Founded in 1945
Key Executives for Sirius International Insurance Corporation
Chief Executive Officer and President
Chief Financial Officer, Executive Vice President and Director
Senior Vice President and General Counsel
Chief Underwriting Officer, Executive Vice President and Director
Compensation as of Fiscal Year 2015.
Sirius International Insurance Corporation Key Developments
Sirius International Insurance Provides Updates on Lawsuit
Feb 10 14
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.
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