Torus, a global specialty insurer, is changing its name to StarStone with immediate effect.
The company's holding company name has changed to StarStone Insurance Holdings Limited. Its six insurance platforms in the Lloyd's and London markets, continental Europe, and the United States, as well as its other group companies, are in the process of being renamed to incorporate the StarStone brand. This process is expected to be completed in January 2016.
Nick Packer, the chairman and group chief executive officer at StarStone, said, “Together with our major shareholders, Enstar Group Limited and Stone Point Capital, we are excited to announce our rebranding to StarStone. Since our change in ownership in April 2014, we have made significant progress by strengthening our management team and reorganizing areas of our business. This was recognized by A.M. Best when reaffirming our A- rating. As part of that journey the time is right to launch a new brand that signals our shareholders' continuing commitment and best reflects who we are today.
“We are committed to delivering the same high levels of service to our clients with a new brand that underlines our position within Enstar Group and the strength of our combined partnership.”
The company said that, as StarStone, its business approach and organizational values would remain unchanged. Its leadership, underwriting, and service teams are in place as the group continues to focus on delivering specialty insurance products to its global client base, the company said.
Learn more: www.starstone.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].