Torus, the global specialty insurer, is changing its name to StarStone with immediate effect. The Company has also unveiled a new logo and brand identity.
The Company's holding company name has changed to StarStone Insurance Holdings Limited. Its six insurance platforms in the Lloyd's and London markets, Continental Europe and the United States, as well as its other group companies, are in the process of being renamed to incorporate the StarStone brand. This process is expected to be completed in January 2016.
Nick Packer, Chairman and Group CEO at StarStone, says: "Together with our major shareholders, Enstar Group Limited and Stone Point Capital, we are excited to announce our rebranding to StarStone. Since our change in ownership in April 2014, we have made significant progress by strengthening our management team and reorganising areas of our business. This was recognised by AM 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.
We are committed to delivering the same high levels of service to our clients with a new brand that underlines our position within Enstar Group and the strength of our combined partnership."
As StarStone, the business approach and organisational values of the company remain unchanged. Its leadership, underwriting and service teams are in place as the group continues to focus on delivering specialty insurance products to its global client base.