Torus Executive Risks Appoints Market Leader to Launch Professional Indemnity Platform
16th July 2010
Torus Executive Risks Limited (TER), the joint venture between Nexus Underwriting Management and global specialty insurer Torus, has entered the Professional Lines market with the appointment of industry renowned David Robinson as Professional Indemnity Manager.
Mr. Robinson joins TER from Lloyd’s Syndicate 3210 of Mitsui Sumitomo Insurance Group, a leading Professional Indemnity insurer, bringing with him over 20 years of PI experience. Most recently Class Underwriter for Professional Liabilities at 3210, he has also worked at DA Constable syndicate 386 and BP Theakston syndicate 1101.
Commenting on the significance of Mr. Robinson’s appointment, Colin Thompson, CEO of TER, said, “David is a recognised market leader. His hiring marks our entry into the Professional Indemnity Market and complements our stated strategy of attracting the top performers into our respective product areas to provide the products and services our policyholders and brokers need.”
Commenting on the market Mr. Robinson said, “Brokers and policyholders have suffered a significant dislocation in the PI market. TER’s entry counteracts this. There are both short term and longer term opportunities to establishing a strong new direction for the PI market. Leveraging the success to date, Torus Executive Risks’ PI platform aims to be recognised as the market’s new point of reference.”