8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC  20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 14, 2003

THE SEIBELS BRUCE GROUP, INC.

(Exact name of registrant as specified in its charter)

South Carolina	0-8804	57-0672136
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

1501 Lady Street (Post Office Box 1) Columbia, South Carolina	29201
(Address of principal executive offices)	(Zip Code)
Registrant’s telephone number, including area code:    (803) 748-2000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Item 5.Other Events

On April 14, 2003, The Seibels Bruce Group, Inc. (the “Company”) issued a press release announcing a stock tender program allowing shareholders owning fewer than 100 shares of the Company stock to sell their shares to the Company.  A copy of the Company’s press release is attached to this Current Report on Form 8-K as Exhibit 99.

Item 7.Financial Statements and Exhibits

(a)Not applicable.

(b)Not applicable.

(c)Exhibits.

The following exhibit is filed herewith and made a part hereof.

Exhibit No.		Description
99	—	Press Release dated April 14, 2003

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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 duly authorized.

Date:  April 14, 2003
	THE SEIBELS BRUCE GROUP, INC.
	By:	/s/ Matthew P. McClure
		Matthew P. McClure
		Corporate Secretary

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EX-99

Exhibit 99

Contact:
Susan M. Kenney	phone:  803.748.2374
Corporate Communication	fax:  803.748.8420
	email:  susan.kenney@seibels.com

FOR IMMEDIATE RELEASE

THE SEIBELS BRUCE GROUP, INC., ANNOUNCES

ODD-LOT TENDER OFFER

Columbia, South Carolina, 14 April 2003 – The Seibels Bruce Group, Inc. (OTC Bulletin Board:  SBIG) today announced a stock tender program allowing shareholders owning fewer than 100 shares of Seibels Bruce stock to sell their shares to the Company.  The voluntary program gives eligible shareholders the opportunity to sell all of their shares back to the Company without incurring transaction fees.  The program will be in effect through June 23, 2003 for shareholders of record on March 10, 2003.  The price to be paid to shareholders is $2.50 per share.

“We feel this is beneficial to odd-lot shareholders because they will receive an attractive price relative to the current market price without paying selling costs.  It benefits the company and other shareholders by reducing costs associated with the distribution of information to shareholders,” said Seibels Bruce President Michael A. Culbertson, CPCU, AIC.

Seibels Bruce is making no recommendation to shareholders as to whether they should act upon this offer.  A letter explaining the details of the program will be mailed to all eligible shareholders.

The Seibels Bruce Group, Inc., headquartered in Columbia, South Carolina, is a holding company for four property and casualty insurance companies that offer commercial and nonstandard automobile insurance.  In addition, Seibels Bruce offers claim administration services to insurance companies and other businesses through Insurance Network Services, Inc.; flood zone determination and related services through America’s Flood Services, Inc.; and managing general agency services through Seibels, Bruce & Company.  Additional information about Seibels Bruce can be found online at http://www.seibels.com.

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