Torus Specialty Expands Offering with $10m Excess Casualty Capacity and Three Senior Appointments

Torus Specialty, the US subsidiary of global specialty insurer, Torus, can now write $10 million in capacity for umbrella and excess liability placements. Further capacity increases are expected in the coming months.

In addition, the team, led by Linc Trimble, has also increased its headcount with the appointments of Regional Vice Presidents Todd Dixon, Doris Pacelli and Maryann DelRio to Torus’s new Atlanta and Chicago offices and its Jersey City office respectively.

Mr. Dixon joins Torus from Great American’s casualty underwriting team, having spent 14 years in the casualty arena in both underwriting and broking capacities. He has previously held leadership roles at AJ Gallagher as both an MGA and wholesale broker. He will be responsible for US Excess Casualty business in the Southeast and Southwest territories.

Ms. Pacelli comes to Torus with a wealth of underwriting and management experience in the umbrella and excess field, having previously held senior positions at AIG, Gulf, Travelers and most recently, Markel. She will be responsible for Midwest and West territories.

Ms. DelRio, who will be responsible for Northeast US business, brings over 18 years of industry experience to Torus, holding underwriting management positions with Aetna, Crum & Forster, Reliance National, AIG, and XL. Mostly recently, she led the Northeast Territory Travelers’ Excess Casualty division.

Mr. Trimble said: “With the appointment of Todd, Doris and Maryann, brokers and clients now have local access to Torus’ Excess Casualty team across America. Both will be critical in developing our market presence in their respective regions and will help define our underwriting strategy going forward. I’m delighted to have such highly experienced and skilled professionals on the team; brokers can look forward to a high level of responsiveness and creativity from all three!”

Eastern European Specialist Joins Torus’ Offshore Energy Team

In a move to expand its book of business into frontier markets, Torus, the global specialty insurer, has appointed David Turp as Senior Underwriter, Offshore Energy. Mr. Turp will join Torus’ London-based global Offshore Energy team, now led by David Message, on October 1, 2009.

Mr. Turp joins from SOVAG, the Russian-backed company specialising in writing Eastern European risk and a member of the Ingosstrakh Insurance Co & SOGAZ/Gazprom group(s) of companies, where he was Senior Energy and Non Marine Class Underwriter. He has over 20 years’ energy and non marine insurance experience, both in underwriting and broking. Prior to SOVAG he was Associate Director of Heath Lambert’s Energy Division.

Commenting on the expansion of his team, Mr. Message said: “We’re building a significant business in upstream energy and David’s expertise in the frontier energy markets of Russia, Ukraine, Kazakhstan and other countries of the former Soviet Union adds an important new dimension to Torus’ offering. We will continue to broaden our expertise with further senior appointments over the coming months as we look to create one of the leading specialist teams in the market.”

Mr. Turp added: “Frontier offshore exploration is a fast-growing market and I look forward to utilising my knowledge of this area to help grow Torus’ offshore energy platform with David and the team.”