NU Online News Service, Dec. 14, 2:16 p.m. EST
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.
“As part of Torus' specialty strategy we have been evaluating the surety markets in the U.S. and Latin America for some time and we see excellent profitable growth opportunities,” says Clive Tobin, group chief executive of Torus, in a statement.
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