March 01, 2015 8:27 AM ET

Insurance

Company Overview of Torus Specialty Insurance Company Inc.

Company Overview

Torus Specialty Insurance Company Inc. provides excess and surplus lines insurance services. It primarily engages in the property and casualty insurance and reinsurance of casualty business. Torus Specialty Insurance Company Inc. was formerly known as Praetorian Specialty Insurance Company Inc. and changed its name to Torus Specialty Insurance Company Inc. in March 2009. The company was incorporated in 1991 and is based in New York, New York. As on September 30, 2008, Torus Specialty Insurance Company Inc. operates as a subsidiary of Torus Insurance Holdings Limited.

7 Times Square

37th Floor

New York, NY 10036

United States

Founded in 1991

Phone:

860-513-4180

Key Executives for Torus Specialty Insurance Company Inc.

Interim Chief Executive Officer
Age: 59
Vice President and Director of Human Resources
Vice President and Assistant Treasurer
Vice President of Underwriting
Vice President
Compensation as of Fiscal Year 2014.

Torus Specialty Insurance Company Inc. Key Developments

Howard Hughes Corp. Files Lawsuit against Ace American Insurance Co. and Torus Specialty Insurance Co. over Sandy Damage in NY

Howard Hughes Corp. filed a lawsuit against ACE American Insurance Co. and Torus Specialty Insurance Co. for allegedly withholding payouts of more than $8.6 million in the wake of Superstorm Sandy. According to its complaint, filed in New York State Supreme Court, the company said both insurers steadfastly thwarted all reasonable attempts to compensate for losses sustained at six buildings within its South Street Seaport property. The company said water ran into the facilities, leading 'many tenants' to vacate the properties. Howard Hughes said the Seaport development was roughly 96% leased before Sandy and the company is calling on the firms to pay its claims of roughly $8.6 million, plus 9% interest.

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Recent Private Companies Transactions

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