Former Aviva deputy CFO joins Torus

Torus has announced the appointment of former Aviva deputy chief financial officer Tim Harris as group chief financial officer.

Based in Torus’ London office, he will report to Clive Tobin, Torus Group Chief Executive.

In his new role, Harris, who has more than 20 years’ experience in financial and capital management, assumes ultimate responsibility for the group’s finance function as well as Torus’ Global Delivery Services team, which incorporates the company’s global operations, project management office and information technology functions.  He has also been appointed to the Torus Group Holding’s board of directors and joins Torus’ executive committee.

Tobin said: “Tim is a key appointment for Torus. His deep experience across finance, treasury and capital markets will become increasingly important in the next phase of our strategic development. As part of Torus’ leadership team he will play an integral part in shaping Torus’ future.”

Harris joins Torus from Aviva plc, where he was also chief capital officer, responsible for leading the group capital team with specific responsibility for managing capital across the company, including treasury, asset and liability management, reinsurance and Solvency II, having previously served as chief financial officer at Aviva Europe and chief accounting officer at Aviva plc. Prior to joining Aviva, he was a partner in the Global Capital Markets practice at PricewaterhouseCoopers.

Harris said: “From my early conversations with Clive and Torus management, it’s been clear the company’s growth trajectory stems from an ambitious leadership team with deep experience in establishing and developing insurance operations. And over the last four years the company has attracted a quality team of industry specialists who’ve driven the company beyond expectation.

“The chance to join a fresh and fast-growing organisation like Torus doesn’t come along every day. It’s an exciting opportunity and I look forward to helping cement its position as a leading global specialty insurer.”