“Torus’ strategy remains to build a global specialty insurer with niche exposure to reinsurance,” said Clive Tobin, chief executive of Torus. “With the continued expansion opportunities we see in our insurance operations, along with our modest ambitions for niche reinsurance, we have determined it is more effective for our catastrophe reinsurance business to be integrated into the larger Montpelier portfolio, and for us to continue our catastrophe reinsurance participation through a sidecar arrangement.”
According to Tobin, Torus will continue to write casualty and specialty reinsurance through its Bermuda team under the leadership of David Whiting, senior casualty reinsurance underwriter.