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May 05, 2015 4:18 AM ET

Insurance

Company Overview of Torus Insurance Holdings Limited

Company Overview

Torus Insurance Holdings Limited provides property, casualty, and specialty insurance, as well as reinsurance products to a global client base through its European, the United States, and Bermudian based insurance subsidiaries. It offers property insurance products that include construction, onshore energy, power and utilities, and upstream and offshore energy; and property, direct, and facultative. The company also provides casualty insurance products that include European casualty and international excess; casualty and specialty reinsurance; and eCommerce insurance products that include excess casualty, healthcare, and commercial E&O. In addition, it offers specialty insurance products tha...

26 Reid Street

Hamilton,  HM11

Bermuda

Founded in 2007

Phone:

441-295-6722

Fax:

441-279-7475

Key Executives for Torus Insurance Holdings Limited

Chairman and Group Chief Executive Officer
Age: 51
Group Chief Financial Officer
Group Chief Operating Officer and Director
Vice Chairman and Interim Chief Executive Officer of Torus' US
Age: 59
Chief Executive of Torus Insurance (UK) Limited
Compensation as of Fiscal Year 2014.

Torus Insurance Holdings Limited Key Developments

Torus Insurance Holdings Limited Announce Management Changes

Enstar Group Limited, Stone Point Capital LLC (Stone Point) and Torus Insurance Holdings Limited (Torus) announced several senior management appointments. The collective announcement follows the recent acquisition of Torus by Enstar and Stone Point, which was completed on April 1, 2014. Torus Executive team appointments Nick Packer, Enstar's Joint Chief Operating Officer, has been appointed Torus Group Chief Executive Officer and Chairman. Mr. Packer succeeds Dermot O'Donohoe, who is stepping down as Torus Group Chief Executive Officer, having helped to steer the company through the transition period following the July 2013 announcement of the acquisition of Torus by Enstar and Stone Point. In addition, Torus announced the following appointments: John Shettle, the current Interim Chief Executive Officer of Torus' US operations, which includes Torus National Insurance company, a US admitted markets insurer, and Torus Specialty Insurance company, a US excess and surplus lines insurer, has been appointed Vice Chairman of Torus Group. Mr. Shettle has more than thirty years of experience in the global insurance industry, including senior positions at Victor O. Schinnerer company and Securitas Capital, LLC. Demian Smith has been appointed Chief Executive Officer of Torus International business segment, which includes Torus' Lloyd's, London market and Continental European operations. Mr. Smith has been with Torus since 2010, having joined the company as Global Head of Torus Marine business. In addition to this role, he also serves as Chairman of Torus Group Underwriting Committee. David Message has been appointed Chief Underwriting Officer of Torus International business segment. Mr. Message has been with Torus since 2009, is Global Head of Torus' Property and Energy business and Chief Underwriting Officer of Torus Insurance (UK) Limited. Patrick Tiernan has been appointed Torus Group Chief Operating Officer. Mr. Tiernan has 16 years of experience in the insurance industry, spending the last 10 years at Zurich Insurance Group where he most recently served as Chief Executive Officer of Zurich's Centrally Managed Businesses. Gareth Nokes has been appointed Torus Group Chief Financial Officer. Mr. Nokes succeeds Chief Financial Officer, Tim Harris. Mr. Nokes has served as Senior Vice President of Group Finance at Enstar since 2012, and previously served as Chief Financial Officer of Enstar's European business since 2006.

Enstar Group Limited, Torus Insurance Holdings Limited - M&A Call

To discuss transactions related to acquisition of Torus Insurance Holdings Limited

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