Torus, a global specialty insurer, has established Torus (Bermuda) Services Ltd. as a Managing General Agent (MGA) in Bermuda for Torus Insurance (UK) Limited, to “provide enhanced service to its customers, increase the depth of current product offerings and expand its distribution network,” said the company’s bulletin.
Tours added that the new facility would “develop and promote new casualty products for the local market and provide increased flexibility for clients and brokers when placing casualty business with its Bermuda underwriting platform, as they can now access either Torus Insurance (Bermuda) Ltd, or its excess and surplus lines eligible UK insurer, Torus Insurance (UK) Ltd. from a single location.”
Lane A. Schaffer will assume the position of Senior Vice President, Torus (Bermuda) Services. He will be based in Bermuda and will report directly to David Perez, Torus’ President and Chief Underwriting Officer of Global Casualty, and President of Torus (Bermuda) Services Ltd.
Torus also announced that Mark St. Aoro has joined its P/C team as Global Casualty Product Line Executive. In this newly created position he will be “responsible for ensuring underwriting consistency and quality across the Torus casualty platforms worldwide, oversee the development of new products and IT infrastructure and maintaining all internal and regulatory compliance standards.” He reports directly to Perez, and will be based in Torus’ New Jersey office.
Schaffer joins Torus from AIG where he most recently led the operations and strategic direction of a department charged with securing new and renewal business for Fortune 2000 accounts. Prior to AIG, he was a Partner at Evans & Clesi in New Orleans. He began his career in insurance defense in 1989 with Lobman, Carhahan & Batt.
St. Aoro joins Torus from C.V. Starr & Company where he was most recently responsible for the development of new product initiatives. Prior to C.V. Starr, he worked at Great American Insurance, Chubb and Zurich. At Zurich, he served as the Chief Compliance Officer for the Specialties Business Unit, and was the Line of Business Director for Specialty Products in North America.
Source: Torus Insurance – http://torusinsurance.com
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