Torus has announced that it has completed the acquisition of Glacier Insurance AG from the Glacier Group [See IJ web site – https://www.insurancejournal.com/news/international/2010/05/04/109510.htm ].
The Liechtenstein-headquartered specialty insurer, which has branch offices in Zurich, Cologne and London, will be renamed Torus Insurance (Europe) AG.
“The acquisition, announced on May 4 2010, will provide customers and brokers with enhanced products and capacity, which considerably accelerates Torus’ growth strategy in Europe following the recent establishment of Torus offices in Amsterdam and Paris,” said the bulletin.
Source: Torus Insurance
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
AIG General Insurance Chairman McElroy to Retire May 1 
Allstate Reports $731M in Q1 Pretax Catastrophe Losses 
How California’s Huge Raises for Fast-Food Workers Will Ripple Across Industries 
Why New York’s Attorney General Objects to Trump’s Bond Insurer 
