Torus acquires Glacier D&F book
Expansive Bermudian (re)insurer Torus has acquired the direct
and facultative (D&F) arm of Glacier Re for an undisclosed sum,
as earlier predicted by sister publication Inside
FAC.
The purchase of Glacier Insurance, a subsidiary of the Glacier
Group, is expected to be completed in May 2010, subject to relevant
regulatory approvals.
Liechtenstein-headquartered Glacier Insurance has branch offices in Zurich, Cologne and London.
The company's portfolio includes aviation, space, property,
energy, war and terrorism and marine risks.
As part of the...
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