London specialty insurer rebranding
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Torus Insurance Holdings Ltd. has changed its name to StarStone Insurance Holdings Ltd., the London-based specialty insurance company announced Monday.
StarStone said that its six insurance platforms in the Lloyd’s and London markets, Europe and the United States, as well as its other group companies, are being renamed. StarStone expects the renaming process to be completed in January 2016.
“Together with our major shareholders, Enstar Group Ltd. and Stone Point Capital, we are excited to announce our rebranding to StarStone,” StarStone Chairman and Group CEO Nick Packer said in a statement announcing the renaming.
“Since our change in ownership in April 2014, we have made significant progress by strengthening our management team and reorganizing areas of our business,” he said in the statement. “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.”
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