Torus acquires Broadgate
Torus has entered into an agreement with Clal Insurance Enterprises Holdings to acquire London-based Lloyd’s Syndicate 1301 and its corporate members Broadgate Underwriting Limited and Broadgate Underwriting 2010 Limited.
Subject to approval by Lloyd's, the acquisition will enable Torus to write specialty business in Lloyd’s effective 1 January 2012.
Torus will retain Broadgate’s current team of underwriters, claims
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