Torus Specialty Expands Umbrella, Excess Liability Placement Capability

October 22, 2009

Torus Specialty, the U.S. subsidiary of global specialty insurer, Torus, announced that it can now write $10 million in capacity for umbrella and excess liability placements. Further capacity increases are expected in the coming months.

Torus also announced that the team, led by Linc Trimble, has appointed three new Regional Vice Presidents – Todd Dixon, Doris Pacelli and Maryann DelRio – to Torus’s new Atlanta and Chicago offices and its Jersey City office respectively.

Dixon joins Torus from Great American’s casualty underwriting team. He spent 14 years in the casualty arena in both underwriting and broking capacities. He has previously held leadership roles at AJ Gallagher as both an MGA and wholesale broker. He will be responsible for US Excess Casualty business in the Southeast and Southwest territories.

Pacelli comes to Torus with a wealth of underwriting and management experience in the umbrella and excess field. She previously held senior positions at AIG, Gulf, Travelers and most recently, Markel. She will be responsible for Midwest and West territories.

DelRio, who will be responsible for Northeast US business, has more than 18 years of industry experience. She has held underwriting management positions with Aetna, Crum & Forster, Reliance National, AIG, and XL, and most recently, she led the Northeast Territory Travelers’ Excess Casualty division.

Trimble noted that the new appointments give Torus’ clients “local access to its excess casualty team across America. Both will be critical in developing our market presence in their respective regions and will help define our underwriting strategy going forward.”

Source: Torus Specialty – www.torusinsurance.com

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