Torus Absorbs Glacier Subsidiary, Names Etridge COO

Torus, a property/casualty and specialty insurer, has acquired Glacier Insurance AG, a Glacier Group subsidiary providing services for a variety of risks involving aviation, space, property, energy, war and terrorism, and marine.

Torus named Glacier Insurance CEO Richard Etridge as the COO and global head of aviation for Continental Europe. Glacier Insurance is based in Liechtenstein, with branch offices in Zurich, Cologne and London, which Torus said it plans to retain.  

“The insurance operations of Glacier have a strong strategic, technical and cultural fit with Torus, and thus present a unique opportunity to accelerate our growth strategy in Europe, following the recent establishment of our offices in Amsterdam and Paris,” said Clive Tobin, Torus’ CEO. “Along with additional products and capacity from Torus, we look forward to expanding the strong client and market relationships which Glacier Insurance has established.”