Torus Adds Media Liability, Financial Institution Coverages

November 9, 2012Email ThisPrintNewslettersTweetArticleComments

Torus has expanded its U.S. management liability and professional lines practice with the addition of two new specialty insurance products: media liability coverage for the media & entertainment segment; and financial institution bonds offering for the financial institution customer segment.

Torus has also appointed four new executives to its U.S. team. They include:

Sharon Raksnis, senior vice president, head of Financial Institutions;Craig Grant, vice president, head of Private Company Management Liability;Christopher Cooper, assistant vice president, Media Liability Practice Leader; &Christine Cook, assistant vice president senior underwriter, Private Company Management Liability.

Torus has also added commercial E&O coverage to ESCAPE, Torus’ online portal for US brokers aimed at streamlining the quote-to-bind-to-issue process. With these enhancements, ESCAPE is now available for 75 E&O classes and enables producers to quote and bind multiple coverages under a single premium. ESCAPE was first launched by Torus in 2010 for brokers selling umbrella and high excess liability policies to small businesses.

 Torus has expanded its professional liability product portfolio. Effective immediately Torus will underwrite financial institution bonds (

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Torus Adds New Coverage for the Reproductive Medicine Industry

August 28, 2012Email ThisPrintNewslettersTweetArticle1 Comments

Torus has expanded its medical expense liability and medical professional liability coverage to the rapidly-growing reproductive medicine industry, which assists with reproduction via in-vitro fertilization and other technologies.  The  Torus product lines are available for medical providers who are board certified to provide IVF procedures to egg donors and or implantation recipients. Medical expense liability (MEL) iinsures the medical expenses arising out of medical complications.  The insurance can be offered to respond to donors as well as implantation recipients.

The policy includes a service component to direct patients to a network of providers in the case of a catastrophic complication.  Fertility clinics and hospital units are eligible insureds for the product.  The MEL minimum retention is zero, with a MEL maximum limit of $250,000. The MEL minimum premium is $10,000. Coverage terms will be offered through limited distribution points.

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