HAMILTON, Bermuda, Dec. 1, 2016 /PRNewswire/ -- The Board of
Directors of Sirius International Group, Ltd. has declared a
dividend of $37.53 per share, payable
in cash on January 3, 2017, to
holders of record of its Fixed/Floating Perpetual Non-Cumulative
Preference Shares as of close of business on December 30, 2016.
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Sirius Group is a Bermuda based
holding company with (re)insurance operating companies in
Bermuda, Stockholm, New
York and London.
Utilizing disciplined and professional underwriting, superior
risk evaluation and best-in-class pricing technology, Sirius
Group's subsidiaries provide multi-line (re)insurance capacity in
over 140 countries, including lead capacity for property, accident
& health and other exposures. Additional information is
available at Sirius Group's web site located at
http://www.siriusgroup.com/.
Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
The information contained in this press release may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of
historical facts, included or referenced in this press release
which address activities, events or developments which Sirius Group
expects or anticipates will or may occur in the future are
forward-looking statements. The words "will", "believe," "intend,"
"expect," "anticipate," "project," "estimate," "predict" and
similar expressions are also intended to identify forward-looking
statements.
These forward-looking statements include, among others,
statements with respect to Sirius Group:
- change in adjusted book value per share or return on
equity;
- business strategy;
- financial and operating targets or plans;
- incurred loss and loss adjustment expenses and the adequacy of
its loss and loss adjustment expense and reserves and related
reinsurance; projections of revenues, income (or loss), earnings
(or loss) per share, dividends, market share or other financial
forecasts;
- expansion and growth of its business and operations; and
- future capital expenditures.
These statements are based on certain assumptions and analyses
made by Sirius Group in light of its experience and perception of
historical trends, current conditions and expected future
developments, as well as other factors believed to be appropriate
in the circumstances. However, whether actual results and
developments will conform with its expectations and predictions is
subject to a number of risks and uncertainties that could cause
actual results to differ materially from expectations,
including:
- claims arising from catastrophic events, such as hurricanes,
earthquakes, floods, fires, terrorist attacks or severe winter
weather;
- the continued availability of capital and financing;
- general economic, market or business conditions;
- business opportunities (or lack thereof) that may be presented
to it and pursued;
- competitive forces, including the conduct of other property and
casualty insurers and reinsurers;
- changes in domestic or foreign laws or regulations, or their
interpretation, applicable to Sirius Group, its competitors or its
clients;
- an economic downturn or other economic conditions adversely
affecting its financial position;
- recorded loss reserves subsequently proving to have been
inadequate;
- actions taken by ratings agencies from time to time, such as
financial strength or credit downgrades or placing ratings on
negative watch; and
- other factors, most of which are beyond Sirius Group'
control.
Consequently, all of the forward-looking statements made in this
press release are qualified by these cautionary statements, and
there can be no assurance that the actual results or developments
anticipated by Sirius Group will be realized or, even if
substantially realized, that they will have the expected
consequences to, or effects on, Sirius Group or its business or
operations. Sirius Group assumes no obligation to update publicly
any such forward-looking statements, whether as a result of new
information, future events or otherwise.