Torus Appoints UK Head of Casualty

3rd August 2010

Torus, the global specialty insurer, continues to expand its Casualty platform with the appointment of David Whyman as Senior Vice President, UK Head of Casualty, based in London. Reporting to David Perez, President and CUO of Global Casualty, Mr. Whyman will develop offerings for the London Market.

Mr. Whyman’s casualty career spans over 27 years, all in the London Market. Prior to Torus, he was a director at Aon, focusing on excess liability placements for North American domiciled risks. He has also held senior underwriting positions at Liberty Mutual Insurance Europe Ltd and Zurich Specialties.

Mr. Perez said, “Current market conditions for casualty business are tough for insurance carriers as numerous carriers are competing for the same accounts. But in view of some recent significant loss events, there’s evidence that pricing will need to increase.

“David’s appointment confirms our commitment to the London Market and firmly establishes Torus Casualty in the UK. He has extensive relationships within the brokerage community as well as a broad level of underwriting experience. He also knows the importance of delivering high levels of service, risk assessment and product customisation, which is particularly important with current conditions in mind.”

Mr. Whyman said, “Torus Casualty will differ from other carriers in the UK – as it is doing so already in Bermuda, the US and Continental Europe – by becoming a key insurance partner for brokers and clients, despite significant competition. What has been fundamental to Torus Casualty’s success so far will also be central to our success in London – a willingness to work flexibly with brokers and customers as well as developing new and innovative liability solutions.”

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