NU Online News Service, Feb. 2, 9:09 a.m.EST

Bermuda-based global specialty insurer Torus said it has namedCarl Groth as group chief risk officer, a new position within theyear-old company.

Based in Jersey City, N.J., and reporting to Chief ExecutiveClive Tobin, Mr. Groth will drive the development of acomprehensive and integrated enterprise risk management program forTorus worldwide, the company said.

Before joining Torus, Mr. Groth led Deloitte's U.S. InsuranceEnterprise Risk Management practice advising companies on SolvencyII-related issues and readiness.

Prior to Deloitte, he was managing director for Willis GroupLtd., responsible for its Enterprise Risk Management and StructuredRisk Financing practices for North America. He also worked in avariety of capacities at the Liberty Mutual Group, ultimatelyachieving overall responsibility for its Bermuda operations.

"I am looking forward to building a risk managementinfrastructure that will optimize and protect Torus' earnings andcapital and contribute to the growth of the group's economic value,as well as enhancing its reputation with key externalconstituencies," said Mr. Groth in a statement.

"This is a critical appointment and the result of a long andthorough search," Mr. Tobin added. "I am delighted that we havesomeone of Carl's caliber to establish a strong risk managementframework and culture at an early stage of Torus' evolution."

Torus, which opened its doors for business in the summer of2008, provides property, casualty and specialty insurance as wellas reinsurance products to a global client base through its UnitedKingdom-, United States- and Bermuda-based insurancesubsidiaries.