Global specialty insurer Torus says it is entering the surety market with the acquisition of First Sealord Surety Inc., and the subsequent launch of Torus Surety.
Global specialty insurer Torus says it is entering the surety market with the acquisition of First Sealord Surety Inc., and the subsequent launch of Torus Surety.
Nearly of a third of participants in a Torus survey say pricing uncertainty is a major concern for the management and professional liability insurance market.
Nearly of a third of participants in a Torus survey say pricing uncertainty is a major concern for the management and professional liability insurance market.
While property and casualty pricing seems to be flattening and even improving in some lines, excess and surplus-lines professionals say they are hesitant to declare a market turn due in part to the ongoing heavy presence of standard-lines carriers in traditional E&S business
While property and casualty pricing seems to be flattening and even improving in some lines, excess and surplus-lines professionals say they are hesitant to declare a market turn due in part to the ongoing heavy presence of standard-lines carriers in traditional E&S business
Medical-malpractice insurers are enjoying profitable results, even though rates are decreasing. Its a good time to be in this line of business, says Robert Allen, senior vice president of medical-professional liability for Torus.
Torus says it has reached an agreement with Montpelier Reinsurance Ltd., to sell the renewal rights of its property catastrophe reinsurance book of business with immediate effect.
Torus says it has reached an agreement with Montpelier Reinsurance Ltd., to sell the renewal rights of its property catastrophe reinsurance book of business with immediate effect.