Torus has acquired Glacier Insurance AG, a Liechtenstein-based subsidiary of the Glacier Group that comes with a portfolio of aviation, space, property, energy, war and terrorism and marine risks.
The move will see Glacier's underwriting and operational staff join Torus, although all branch offices will be retained.
Notably, Glacier Insurance chief executive, Richard Etridge, will become a member of the Torus management team, assuming the post of COO for Continental Europe, as well as global head of aviation.
