European growth strategy boosted, says Torus

Torus has today completed the acquisition of Glacier Insurance AG from the Glacier Group.

The Liechtenstein-headquartered specialty insurer, which has branch offices in Zurich, Cologne and London, will be renamed Torus Insurance (Europe) AG.

Torus said the deal, first announced on May 4 2010, "considerably accelerates Torus’ growth strategy in Europe following the recent establishment of Torus offices in Amsterdam and Paris".

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