Torus Specialty, the U.S. subsidiary of global specialty insurer Torus, appointed new regional vice presidents Todd Dixon, Doris Pacelli and Maryann DelRio to Torus's new Atlanta and Chicago offices and its Jersey City office respectively.
Despite many factors that should be contributing to a hardening market overall, competition in some coverage lines and geographic regions has heated up, while activity in many other areas remains tepid, keeping price hikes more modest than anticipated.
Bermuda-based Torus Insurance Holdings Ltd., said Torus Specialty Insurance Inc., its U.S. entity, now has authority to write surplus lines in 42 states.
David Perez, Torus' president and chief underwriting officer, global casualty, said: "At a time when many established casualty markets are experiencing a significant intellectual capital drain in the
Although Laura Mazzuca Toops, editor of our sister publication, American Agent & Broker, reported in our November edition that the red-hot agency acquisitions market had slowed, deals involving
Torus Insurance Holdings Limited, a new specialist insurance company underwriting from London, said it has agreed to purchase Praetorian Specialty Insurance Company, a shell entity with licenses that
Torus Insurance Holdings Limited, a new specialist insurance company underwriting from London, said it has agreed to purchase Praetorian Specialty Insurance Company, a shell entity with licenses that
The Bermuda company wasn't the only one headquartered on the island to announce a deal to buy a specialty operation this month, with Ironshore setting its sights on London, proposing to buy Lloyd's