Torus offers $50 million casualty capacity through Bermuda office
3rd February 2009
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.”