5 May 2015 Insurance

Torus to write US aviation insurance

Insurer Torus has partnered with London Aviation Underwriters (LAU) to write aviation insurance throughout the US.

LAU, a Seattle-based managing general agent, has been insuring general aviation risks since 1980.

The coverage will be written on behalf of Torus’ US admitted carrier, Torus National Insurance Company, which is rated A- (Excellent) by AM Best.

Torus is approved to write general aviation in the majority of target US states and the process to have remaining target states approved is underway.

John Shettle, vice chairman of Torus and chief executive officer (CEO) of Torus US, said: “We are excited to enter into a long-term partnership with LAU and its president and CEO, Jeff Sutton, whom I have known professionally for more than 20 years.

“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. LAU has a strong reputation for underwriting, claims and policyholder service excellence and I am sure that our combined resources will prove to be a winning formula.”

Jeff Sutton, president and CEO of LAU, added: “We are delighted to partner with Torus. The company has a long and deep commitment to the aviation insurance industry and a thorough understanding of the business we write. With Torus’ 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 US.”

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