Torus unveils Groth as chief risk officer

Torus has appointed Carl Groth as group chief risk officer with immediate effect.

Based in New Jersey and reporting to chief executive Clive Tobin, Groth will drive the development of an enterprise risk management programme for the group worldwide. He will also be a member of the executive management team.

Before joining Torus, Groth led Deloitte’s US Insurance Enterprise Risk Management practice advising companies on Solvency II related issues and readiness. Prior to Deloitte, he was managing director at Willis, responsible for its enterprise risk management and structured risk financing practices for North America.

Groth said: "I am looking forward to building a risk management infrastructure that will optimise and protect Torus’ earnings and capital and contribute to the growth of the Group’s economic value, as well as enhancing its reputation with key external constituencies."

Tobin added: "This is a critical appointment and the result of a long and thorough search. I am delighted that we have someone of Carl’s calibre to establish a strong risk management framework and culture at an early stage of Torus’ evolution."