Bermuda-based Torus Insurance Holdings yesterday 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.

The acquisition, announced in May, will provide customers and brokers with enhanced products and capacity, the company said yesterday.

The deal also accelerates Torus' growth strategy in Europe following the recent establishment of Torus offices in Amsterdam and Paris.