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Torus And London Aviation Underwriters Form US Aviation Partnership

by Mike Godfrey, Tax-News.com, Washingtom

28 May 2015


Torus Insurance Holdings Limited, the global specialty insurer, has entered into a partnership with London Aviation Underwriters (LAU) to write general aviation insurance throughout the United States.

The firm has announced that the coverage will be written on behalf of Torus's US admitted carrier, Torus National Insurance Company, which is rated A- (Excellent) by A.M. Best, financial size XI. The agreement, announced on May 4, 2015, became effective immediately.

LAU is a Seattle-based Managing General Agent and has been insuring general aviation risks since 1980. Specialist areas also include airport premises liability and non-owned aircraft liability.

John Shettle, Vice Chairman of Torus and Chief Executive Officer of Torus US, said: "While Torus has been a significant writer of aviation insurance globally, we have not historically had a significant general aviation presence in the United States."

Jeff Sutton, President and CEO of LAU, added: "With Torus's backing, we are confident that our business will continue to grow and play a meaningful role in serving the insurance needs of the general aviation community in the United States."

TAGS: Insurance | business | aviation | insurance | United States

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