Torus Launches New Jersey-Based Renewable Energy Underwriting Unit

January 5, 2010

Specialty insurer Torus has hired three New Jersey-based executives to oversee underwriting of primary lines of general liability and auto liability for renewable energy.

Angie Adams, Adam Newman and Wayne Jacobson have worked together as an underwriting team since 2002.

Adams will lead the team as senior vice president; Newman and Jacobson join as vice presidents. They join Torus from HSBC Intermediary Solutions, which they helped to create in 2006, having originally worked together in AIG’s Global Energy Middle Market (GEMM) division.

Adams was formerly president of HSBC Intermediary Solutions. She has over 20 years of experience in various production and management roles within the specialty insurance arena, focussing on technology and energy related risks. As well as HSBC and AIG, she has also worked at LK Lloyd and Marsh.

Newman was most recently senior vice president of HSBC Intermediary Solutions. Before moving to AIG, Mr. Newman created Strategic Alliance Partners Inc. in 2001, providing personal lines insurance across Northeast America. He also worked at Northwestern Mutual/Robert W. Baird Securities.

Jacobson was most recently vice president and chief underwriting officer of HSBC Intermediary Solutions. Since 1977 he has served in various underwriting and management capacities within the property and casualty insurance industry, beginning his career with Continental Insurance Co.

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Source: Torus

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