~~UNITED STATES~~ SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of ~~the Securities Exchange Act of 1934~~

~~Date~~the ~~of Report~~ Securities ~~(Date~~Exchange Act of ~~earliest event reported): October 25, 2005~~1934

Date of Report (Date of earliest event reported): June 7, 2006

STRATEGY INTERNATIONAL INSURANCE GROUP, INC.

(Exact Name of Registrant as Specified in Charter)

STATE OF TEXAS (State or Other Jurisdiction of Incorporation) 333-106637 (Commission File Number) 16-1644353 (~~IRS~~I.R.S. Employer Identification ~~Number~~No.)

200 Yorkland Blvd., Suite 710, Toronto, Ontario, M2J5C1, Canada ~~(Address of Principal Executive Offices with Zip Code)~~

~~Registrant’s~~(Address ~~telephone~~of ~~number,~~Principal ~~including~~Executive ~~area code: (416~~Offices) ~~496-9988~~

~~Not~~(416) ~~Applicable~~ 496-9988

(Registrant’s telephone number, including area code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ~~(see General Instruction A.2. below)~~:

q o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

q o Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

q o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

q o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Section~~Item 7.01 — Regulation FD Disclosure

~~Item~~On June 7, 2006, Strategy International Insurance Group, Inc.01 (the “Company”) issued a press release, which is attached hereto as Exhibit 99.1, ~~Regulation~~announcing FDthat ~~Disclosure~~its wholly-owned subsidiary, Strategy Insurance Limited (“Strategy Insurance”), a provider of specialty lines of insurance, reinsurance and structured risk underwriting focusing on niche markets, has received written approval from the Office of the Supervisor of Insurance and Pensions of Barbados confirming that its recently completed issuance of Series D Preferred Stock valued at US$518 million constitutes valid capitalization for the determination of the margin of solvency of Strategy Insurance.

AsThe ~~used~~ information in this ~~report,~~Current ~~“Strategy~~Report ~~International”,~~on ~~“we”~~Form 8-K, ~~“us”~~including exhibits, ~~“our”~~is orbeing furnished “to the ~~Registrant~~Securities and Exchange Commission (the “SEC”) and shall not be ~~refer~~ deemed to ~~Strategy~~be ~~International~~incorporated ~~Insurance~~by ~~Group,~~reference ~~Inc.,~~into aany ~~Texas~~of the Company’s filings with ~~corporation~~ the SEC under the Securities Act of 1933.

OnItem ~~October~~ 9.01 ~~26,~~Financial ~~2005,~~Statements weand ~~issued~~Exhibits ~~the Press Release attached as Exhibit 99.2 hereto.~~

~~Section 8~~(a) —Not ~~Other~~applicable ~~Events~~(b) Not applicable (c) Not applicable (d) The following exhibit is filed as part of this report:

~~Item 8~~Exhibit 99.~~01.~~1 ~~Other~~Press ~~Events~~Release of Strategy International Insurance Group, Inc. dated June 7, 2006

On October 25, 2005, Strategy International and its Barbados insurance subsidiary, Strategy Insurance Limited, or SIL, entered into a binding letter agreement (the “Letter Agreement”) with Grupo Lakas S.A., a Panamanian corporation (“Grupo Lakas”), pursuant to which Grupo Lakas agreed to make an investment, through its wholly-owned Barbados subsidiary (the “Investor”), in shares of preferred stock (“Preferred Stock”) of our subsidiary, Strategy Holding Company Limited (“Strategy Holding”), having a value of U.S.$700 million (the “Investment”). The Letter Agreement provides that the Preferred Stock of Strategy Holding will pay (i) a dividend at an annual rate of 0.0343% (that is, U.S.$24 million) per annum, which will accrue and be payable on the last day of June and December in each year, commencing on June 30, 2006; as well as (ii) an additional dividend equal to 12% of the gross premium written by SIL, above $U.S.200 million, provided that such additional dividend will not exceed U.S.$60 million in any year. The Letter Agreement further provides that the Preferred Stock will be perpetual, and will be redeemable by Strategy Holding, at its option, for an amount equal to U.S.$700 million plus accrued and unpaid dividends.

The Investor will pay the purchase price for the Preferred Stock by issuing to Strategy Holding a promissory note (the “Note”) in the principal amount of U.S.$700 million. The Note will have a term of ten years, bear an annual interest rate of 3%, and will be collateralized by U.S.$900 million worth of marketable assets. Strategy Holding has agreed to contribute the assets underlying the Note to SIL, in an effort to increase the statutory capital base of SIL. We believe that the assets underlying the Note qualify as additional statutory capital for SIL under the Barbados Exempt Insurance Act, and the Letter Agreement requires SIL, within sixty (60) days from the execution and delivery of the Letter Agreement, to make an application to the Barbados Supervisor of Insurance for a ruling confirming the same. In the event the Barbados Supervisor of Insurance does not provide a favorable ruling within ninety (90) days from the submission of the application by SIL, then either Grupo Lakas or we may opt out of, and unwind, any and all agreements entered into relating to the Investment.

Consummation of the Investment is subject to the preparation and execution of the definitive documentation for the Investment and the other transactions contemplated by the Letter Agreement, as well as receipt of favorable ruling from the Barbados Supervisor of Insurance as described above.

Section 9 — Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

99.1 Letter Agreement, dated October 25, 2005, between Strategy International Insurance Group, Inc. and Grupo Lakas S.A.

99.2 Press release of Strategy International Insurance Group, Inc., dated October 26, 2005.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned ~~thereunto~~hereunto duly authorized.

	STRATEGY INTERNATIONAL INSURANCE GROUP, INC.
Date: October 28, 2005	By:	/s/ Stephen Stonhill
		Name: Stephen Stonhill
		Title: Chairman of the Board and Chief Executive Officer

Date: June 12, 2006


	STRATEGY INTERNATIONAL INSURANCE GROUP, INC. (Registrant)

	By:	/s/ Stephen Stonhill
		Name: Stephen Stonhill
		Title: Chairman of the Board and Chief Executive Officer

EXHIBIT INDEX

Number Description

Number	Exhibit

99.1	Press Release of Strategy International Insurance Group, Inc. dated June 7, 2006

99.1 Letter Agreement, dated October 25, 2005, between Strategy International Insurance Group, Inc. and Grupo Lakas S.A.

99.2 Press release of Strategy International Insurance Group, Inc., dated October 26, 2005.

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