Torus acquires Glacier D&F book
Expansive Bermudian (re)insurer Torus has completed the acquisition of the direct and facultative (D&F) arm of Glacier Re for an undisclosed sum.
The acquisition, predicted by sister publication Inside FAC, was announced on 4 May.
The Liechtenstein-headquartered specialty insurer, which has branch offices in Zurich, Cologne and London, will be renamed Torus Insurance (Europe) AG.
The company's portfolio includes aviation, space, property, energy, war and terrorism and marine risks.
As part of the acquisition, Glacier Insurance's 40 underwriting and operational...
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