Hamilton, Bermuda-based Torus Specialty Insurance Company now has authority to write surplus lines in 42 states across . This follows the recent confirmation of its license to write property and casualty business in the State of Delaware and the affirmation of Torus Specialty’s A- (excellent) financial strength rating by AM Best.
Torus Specialty is headquartered in
Led by Bob Klepper, Torus Specialty consists of a team of eight working in general property. Reporting to Klepper is Steve Fomchenko, Torus’ Global Head of General Property, who joined in December 2008.
“I am very excited to build a property team at Torus that effectively utilizes Torus’ analytical resources to assist clients and their brokers to manage their cost of risk,” said Fomchenko. “Today’s market seeks diversification on programs and our underwriting approach allows flexibility, providing the platform for us to develop a range of products and services that clearly demonstrate the benefits of Torus’ innovative approach.”
Klepper added; “Torus has quickly expanded from its initial focus on energy risks. The ongoing recruitment of experienced and respected underwriters such as Steve, demonstrates that we are indeed diversifying successfully on both sides of the
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