At the Annual General Meeting of Skuld Mutual Protection and Indemnity Association (Bermuda) Limited ("the Bermuda Association") held in Seville, Spain on 8 June 2017, members and clients received reports on matters of importance to the Bermuda Association' business and annual elections were held. Financial Year 2016 The financial reports for the Bermuda Associations for the year ending 20 February 2016 were approved by the Annual General Meeting. Elections Elected members of the Board of Directors of Skuld Mutual Protection & Indemnity Association (Bermuda) Limited: Elected new members for a one-year period until 2018: Erik Hånell Alexey Ostapenko Re-elected for a two-year period until 2019: Klaus Kjærulff Catherine Cheung Martin Larsen Trygve Seglem John P. Tavlarios Ann-Marie Åström The following are not up for election until 2018: Terje Hj Michelsen Bernt O. Bodal Manfredi Lefebvre D'Ovidio The following shall resign from the Board: Douglas Jacobsohn Sergey Popravko The Bermuda AGM also re-elected Mr Klaus Kjærulff as Chairman of the Board for a period of one year until 2018. 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)