Torus Specialty Increases Liability Capacity; Adds Regional VPs in U.S.

Torus Specialty, the U.S. subsidiary of global specialty insurer, Torus, can now write $10 million in capacity for umbrella and excess liability placements. The company said it plans to further increase capacity in coming months.

In addition, the team, led by Linc Trimble, has also increased its headcount with the appointments of 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, having spent 14 years in the casualty arena in both underwriting and broking capacities. He was previously with A.J . Gallagher as both an MGA and wholesale broker. He will be responsible for excess casualty business in the Southeast and Southwest territories.

Pacelli was previously at AIG, Gulf, Travelers and most recently, Markel. She will be responsible for Midwest and West territories.

DelRio, who will be responsible for Northeast business, brings 18 years of industry experience to Torus, including positions with Aetna, Crum & Forster, Reliance National, AIG, and XL. Mostly recently, she led the Northeast territory Travelers’ excess casualty division.

Torus provides property, casualty and specialty insurance as well as reinsurance products to a global client base through its UK, U.S. and Bermuda based insurance subsidiaries. Areas of specialty include complex property, energy, power, utility and construction as well as other highly engineered risk classes.

Torus carries a group rating of A – (excellent) from A.M. Best and has capital in excess of $700 million provided by First Reserve Corp.

Source: Torus Specialty