Circular

Skuld Bermuda Annual General Meeting 15 June 2018

Circular to all members

At the Annual General Meeting of Skuld Mutual Protection and Indemnity Association (Bermuda) Limited ("the Bermuda Association") held in Tokyo, Japan on 15 June 2018, members received reports on matters of importance to the Bermuda Association' business and annual elections were held.

Financial Year 2017

The financial reports for the Bermuda Associations for the year ending 20 February 2017 were approved by the Annual General Meeting.

The Meeting adopted the Members' Performance Bonus Programme under which USD 5 million in surplus was reserved for distribution.

Elections

Elected members of the Board of Directors of Skuld Mutual Protection & Indemnity Association (Bermuda) Limited:

Re-elected for a two-year period until 2020:

  • Bernt O. Bodal
  • Erik Hånell
  • Manfredi Lefebvre d'Ovidio
  • Terje Hj Michelsen
  • Alexey Ostapenko

The following are not up for election until 2019:

  • Klaus Kjærulff
  • Catherine Cheung
  • Martin Larsen
  • Trygve Seglem
  • John P. Tavlarios
  • Ann-Marie Åström

The Bermuda AGM also re-elected Mr Klaus Kjærulff as Chairman of the Board for a period of one year until 2019.

After the elections, the Board of Directors of Skuld Mutual Protection and Indemnity Association (Bermuda) Limited comprises:

  • Klaus Kjærulff, Chairman
  • Bernt O. Bodal
  • Catherine Cheung
  • Erik Hånell
  • Martin Larsen
  • Manfredi Lefebvre D'Ovidio
  • Terje Hj Michelsen
  • Alexey Ostapenko
  • Trygve Seglem
  • John P. Tavlarios
  • Ann-Marie Åstrøm

 

Yours faithfully,
Ståle Hansen
President and CEO

Assuranceforeningen Skuld (Gjensidig)