Torus raids CNA for global COO

Torus has appointed Naveen Anand as global chief operating officer.

He will be based in New Jersey and will report directly to Clive Tobin, chief executive of Torus.

Anand will be the chief executive for Torus’ US operations and reporting to him will be the regional chief operating officers in other countries. In addition, he will also be the chief underwriting officer for US Specialty Lines.

Anand joins Torus from CNA Insurance Company where he was senior vice president responsible for CNA’s $3bn global commercial insurance division. Prior to this, Anand was head of the New York region for Chubb Insurance Company.

Clive Tobin said: “The US commercial insurance market is by far the largest and the appointment of our US Chief Executive is a critical one. We are very fortunate to have attracted somebody with Naveen’s ability and experience. I know he will do a terrific job in establishing Torus as a leading specialty insurer in the US.”

Anand said: “We have very ambitious plans for Torus in the US. In addition to our New Jersey and Chicago offices we will be establishing offices in Atlanta, Houston and on the West coast before year-end. I am excited by the prospects of what we can build and delighted that I can have a major influence in shaping our US development from the beginning.”