Torus Strengthens European Property and Casualty Platforms with Senior Appointments
16th November 2011
Torus, the global specialty insurer, has enhanced its offering in Europe with the appointment of Brian Byrnes as Senior Underwriter for General Property and Marco Sonntag as Senior Underwriter for Casualty. Based primarily in Torus’ Cologne office, Mr. Byrnes and Mr. Sonntag will lead General Property and Casualty underwriting respectively for the Austrian, German and Swiss markets.
Commenting on the appointments, Richard Etridge, Chief Operating Officer of Torus International said, “The current competitive market has created a dynamic environment with clients re-evaluating their panel of insurers to bolster stability and ensure risk programs meet their specific needs. For newer, more flexible carriers with the drive and expertise on board to respond, these factors provide a real opportunity to establish viable, long-term platforms in Europe.”
Dermot O’Donohoe, Chief Executive of Torus International added, “Torus strategy for sustained growth in Europe is to add value to customers though offering specialist expertise and unique solutions. This approach is proving particularly successful with sophisticated buyers.”
Mr. Byrnes, who reports into Franco Masciovecchio, Torus’ Head of General Property in Europe, has over 20 years of international insurance and reinsurance experience. He joins Torus from Allianz Global Corporate & Specialty, where he was Head of Property, Americas. Prior to Allianz Global he was Head of Property Facultative for Swiss Re in Munich and was instrumental in uniting the property facultative teams of GE Frankona and Swiss Re Germany. He was also Global Head of Property Facultative for GE Insurance Solutions (GE Frankona) in Munich.
Reporting into Thomas Guesde, Head of Continental European Casualty, Mr. Sonntag joins Torus from Sompo Japan Insurance Company Europe (Sompo), based in Düsseldorf, Germany, where he was most recently Underwriter and Competence Partner for all casualty lines for Switzerland, Austria, Germany and Eastern European territories. Previous senior roles include Underwriter at HCC Global Financial Products SL in Barcelona, Spain, Risk Manager for HOCHTIEF AG and Senior Advisor of Aon’s Global Casualty accounts for Aon Jauch & Hübener GmbH based in Mülheim, Germany.