Torus Executive Risks enters PI market

Torus Executive Risks Limited (TER) has appointed David Robinson as professional Indemnity manager.

It is TER's first venture into the professional lines market, and it's a joint venture between Nexus Underwriting Management and global speciality insurer Torus.

Robinson joins TER from Lloyd’s Syndicate 3210 of Mitsui Sumitomo Insurance Group, a leading professional Indemnity insurer, bringing with him over 20 years of PI experience.

Most recently class underwriter for professional liabilities at 3210, he has also worked at DA constable syndicate 386 and BP Theakston Syndicate 1101.

Colin Thompson, chief executive of TER, said: “David is a recognised market leader. His hiring marks our entry into the Professional Indemnity Market and complements our stated strategy of attracting the top performers into our respective product areas to provide the products and services our policyholders and brokers need.”

Robinson said: “Brokers and policyholders have suffered a significant dislocation in the PI market. TER’s entry counteracts this.

"There are both short term and longer term opportunities to establishing a strong new direction for the PI market. Leveraging the success to date, Torus Executive Risks’ PI platform aims to be recognised as the market’s new point of reference.”