Glacier to be renamed following its acquisition
Torus has today completed the acquisition of Glacier Insurance AG from the Glacier Group.
The Liechtenstein-headquartered specialty insurer, which has branch offices in Zurich, Cologne and London, will be renamed Torus Insurance (Europe) AG.
Torus said the acquisition, announced on May 4 2010, "will provide customers and brokers with enhanced products and capacity, which considerably accelerates Torus’ growth strategy in Europe following the recent establishment of Torus offices in Amsterdam and Paris".
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