Torus Expands Products, Hires Four in Senior Roles
Company adds commercial products to its online portal for brokers.
Virtual Water Cooler, November 8, 2012
Torus, a specialty insurer, has added two new specialty insurance products: media liability coverage for the media and entertainment segment, and financial institution bonds offering for the financial institution customer segment. To support these new offerings, Torus appointed four executives to its U.S. team.
Sharon Raksnis leads Torus’ financial institutions segment, joining the company at a crucial time, following the 2008 financial crisis and a number of high-profile scandals affecting global financial institutions.
Christopher Cooper joins the management liability and professional lines’ team to develop Torus’ U.S. commercial E&O business. Cooper will spearhead this practice, underwriting media liability, film/producer errors and omissions, miscellaneous professional liability, technology errors and omissions, and privacy and network security coverages.
Craig Grant leads Torus’ private company and not-for-profit management liability segments. Grant brings more than 18 years of management liability underwriting experience.
Christine Cook is senior underwriter on the private company, middle market and not-for-profit underwriting team, reporting to Grant.
Torus says it has added commercial E&O coverage to ESCAPE, its online portal for U.S. brokers aimed at streamlining the quote-to-bind-to-issue process. Torus will underwrite financial institution bonds on both a primary and excess basis for the financial institution customer segment, including banks, insurance companies and asset managers. The company also will offer media liability and film/video producers E&O coverage, on both a primary and excess basis, to the commercial E&O customer segment.
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