Global specialty insurer Torus has appointed Gilles Rousseau as Senior Underwriter, General Property. He is based in Paris and has more than 30 years of underwriting experience, as well as “extensive knowledge of the French industrial property market.”
Rousseau is responsible for “developing Torus’ General Property platform in France, working in conjunction with Torus’ wider European General Property practice under Head of General Property for Europe, Franco Masciovecchio,” said the bulletin. His appointment follows the recent hiring of Senior Underwriters Brian Byrnes for General Property and Marco Sonntag for Casualty for the German, Swiss and Austrian markets.
Rousseau joins Torus from XL Insurance where he was a Property Underwriting Manager responsible for leading and writing large industrial and commercial risks for clients based in France. He was previously a Division Manager at SCOR Business Solutions and oversaw writing large treaty, facultative and direct industrial risk in property, casualty and construction with an international remit. Prior to that role he held management and underwriting positions at SCOR Reinsurance. He began his career as a Property and Engineering Underwriter with UAP Reassurance before it merged with SCOR in 1990.
Torus also noted that it has recently acquired the renewal rights to CV Star Syndicate 1919’s Continental European Marine, Casualty and General Property business from January 1, 2012. As part of the agreement CV Starr’s Continental European based team has joined Torus, including Didier Bayle, Senior Underwriter, who will work alongside Mr. Rousseau to develop Torus’ General Property platform in France.
Dermot O’Donohoe, Chief Executive of Torus International, commented: “Since launching Torus’ European operation in September 2009 we have established local underwriting teams across the Continent, with underwriting centres now in Paris, Amsterdam, Cologne, Milan, Rotterdam and Zurich.
“France is a key market and Gilles’ appointment, along with the addition of Didier to the team from CV Starr, gives Torus an important physical presence in the French property market.”
Masciovecchio added: “The European general property market continues to be very competitive but Torus is building an effective platform to produce a credible and sustainable offering. We are developing into a serious alternative and market player for sophisticated insureds.”
Source: Torus Insurance
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