Torus has held a financial strength rating of A- (Excellent) from ratings agency A.M. Best since launch in 2008.
In its latest review of Torus’ operations A.M. Best comments: “The ratings of the Torus group reflect A.M. Best's expectation that consolidated risk-adjusted capitalization will remain strong.
“Torus continues to develop its business profile in the London, Bermudian, US (surplus and admitted lines) and continental European markets. The group's underwriting portfolio has evolved rapidly since Torus' formation in 2008 as a specialist underwriter of energy and large commercial risks, and it now includes property, casualty, specialty and treaty business.
“Growth in 2010 and 2011 is expected to emanate from the casualty and specialty lines of business as the group diversifies its underwriting portfolio, supported by acquisitions in 2010 of Torus Europe (formerly Glacier Insurance AG) and the shell company, Torus National (formerly TIG Indemnity Company), which provide access to the European and US admitted markets, respectively.”