Torus, the global specialty insurer, today announced that John Milne has joined the company as Accident & Health Underwriter. The appointment furthers Torus’ commitment to growing its Accident & Health business, which is underwritten through Lloyd’s Syndicate 1301.
Mr. Milne, who has over 15 years’ Accident & Health experience across the Lloyd’s and London markets, will work alongside Underwriting Manager for Accident & Health, Stephen Hitch. Mr. Milne reports into Neil Attwood, Active Underwriter, Torus Syndicate 1301.
Dominic Kirby, Managing Director of Torus Underwriting Management Limited, said: “John’s appointment is a key hire for Torus. Together, he and Stephen will continue to develop Torus’ Accident & Health capability, which is an important part of our Lloyd’s portfolio. Specifically, John’s breadth of knowledge will be extremely valuable as we look to grow Torus’ product offering here in London and throughout our Continental Europe network.”
Torus’ Accident & Health team underwrites a focused book of international insurance products, including:
- Direct and Facultative
- Air crews (personal accident and loss of license)
- Fishing crews
- Mega yacht crews
- General marine crews
- Affinity groups
Mr. Milne joins Torus from Argo Syndicate 1200, where he was most recently Line Underwriter responsible for the development of the syndicate’s Accident & Health account. He has also held positions at QBE, Park London/Glencairn Ltd/Willis, Apex and RGB Syndicate 490.
Torus, the global specialty insurer, today announced that the Torus Syndicate 1301 business plan for 2014 has been approved by Lloyd’s. The plan increases the syndicate’s capacity to £180million and extends its product offering to include Excess Casualty and US Healthcare.
In addition, four of the company’s six European offices have now been approved as Lloyd’s coverholders, effective January 1, 2014, and will commence writing business locally on Lloyd’s S&P A+ rated paper for all Torus products written through Lloyd’s.
Commenting on the development of Torus’ Lloyd’s platform, Dominic Kirby, Managing Director of Torus Underwriting Management Limited, said, “Following the launch of Torus’ managing agency this year, we look forward to expanding our trading activity through Lloyd’s in 2014.”
He continued, “Lloyd’s is a key platform for Torus and we are seeing excellent opportunities to link Syndicate 1301’s specialty products and distribution with Torus’ current offerings in the US and Europe.”
Torus Syndicate 1301 expansion Under the approved Lloyd’s Syndicate 1301 business plan for the 2014 underwriting year, effective January 1, 2014, Torus will:
- Commence writing US Healthcare through Lloyd’s, in addition to Torus’ current offering through Torus’ US excess & surplus lines insurer, Torus Specialty Insurance Company, and Torus’ US admitted markets insurer, Torus National Insurance Company.
- Commence writing International Excess Casualty business through Lloyd’s; Syndicate 1301 is to become the principle underwriting platform for this line of business written from London and Europe.
- Increase Syndicate 1301’s capacity to £180million, up from £160million in 2013.
Lloyd’s coverholders Torus’ offices in Continental Europe that have been approved as Lloyd’s coverholders include: Cologne, Paris, Milan and Rotterdam. An application for Zurich is currently in progress with Lloyd’s. Cologne, Rotterdam and Milan already act as coverholders for Marine business, but will now also offer Syndicate 1301’s full suite of international specialty products across:
• Accident & Health
• Property, Direct & Fac
• Property Schemes
• War & Terrorism
3-5 December 2013
Grand Cayman, Cayman Islands