Torus Insurance (Holdings) Ltd today announced the appointment of John J. Williams as Global Head of Business Operations. Mr. Williams will be responsible for business architecture, management and execution of workflow processes including Torus’ offshore operations in India.
During a twenty year career John Williams has worked with KPMG, Mercer Management Consulting (now Oliver Wyman) and most recently AIG where he was Senior Vice President of Operations for the Small Business Division, one of the company’s fastest growing commercial units in the US.
Commenting on the appointment Clive Tobin, Torus’ CEO said “Establishing effective process design and execution, in conjunction with our IT capabilities, is a day one priority if we are to deliver on our service commitment to brokers and clients. John’s breadth of experience across both processing and technology will be a great asset to Torus.”
John Williams said “the application of the right technology and processes can be a huge advantage to business especially if they are applied in the earliest stages of its development. Focussing on getting these areas right in the short term, as Torus is doing, means greater opportunity for growth in the longer term.”
Torus is pleased to announce that David Message, currently at XL insurance, will take charge of Torus’ offshore underwriting team in London, at a date to be determined. Market losses following hurricanes Gustav and Ike indicate insurance for offshore assets remains very testing for both buyers and sellers. The appointment of David Message adds strength in depth to Torus’s existing resources at an important time and underlines Torus’ growing commitment to this area of business.
David Hope, Torus’ Chief Underwriting Officer commented, ‘David Message is a recognised leader in the offshore insurance market. His understanding of the market and the particular challenges it faces has earned him much respect. We will benefit from his experience and leadership in the offshore arena which is a key focus for us. It goes without saying that we are delighted to welcome David to Torus.’
Torus Insurance today announced that it is offering up to $50 million excess liability capacity which can be accessed through its new Bermuda office.
Commenting on the announcement, David Perez, Torus’ President and Chief Underwriting Officer – Global Casualty said: “Our capacity can respond in virtually any class of business and comes when clients are looking to diversify their programs as well as source additional capacity.”
“At a time when many established casualty markets are experiencing a significant intellectual capital drain in the underwriting sector, and buyers are developing new opinions of carrier acceptability, we have created a premier capacity alternative to address this fundamental shift in our industry. In this environment, the value of customer relationships and communication has never been more important, and with a highly experienced team, we’re well placed to demonstrate the benefits which working with Torus can deliver.”