Temporary Services Insurance Limited (TSIL) continues its growth trends constructed on a formidable foundation of superior performance and sterling reputation in the marketplace.

By all measures, 2007 was another successful year. Annual business highlights include:

• Over 63 Million Dollars in annual premium
• 115 member/owners
• 2.1 Billion Dollars in covered temporary payroll
• Member/owner retention rate of 98%
• Above-market returns on our Captive Investors Fund investments
• Recognition as one of the largest owner-operated captive insurance programs in the world

TSIL has continually demonstrated a superior risk management and insurance product in this market niche by the direct involvement and commitment of its members/owners. Supported by a cadre of the finest professional service providers, TSIL offers stability and consistency in the volatile business worlds of insurance and temporary staffing.

Looking forward, our future is bright and promising as involved member/owners endeavor to meet TSIL’s strategic goals:

• To lead the alternative insurance market through continuous innovation
• To achieve world class risk control for its member/owners
• To offer the highest value in workers compensation insurance

Please share in the pride that the Executive Committee and all the other committee members have in the achievements of this last year as we celebrate fifteen years of success. It has been our privilege to lead this dynamic organization.

Sincerely,
Gordon Friedrich
TSIL President