Global speciality insurer Torus is to change its name to StarStone.

The holding company for the firm and its six insurance platforms spread across London, Europe and the US, as well as other group companies will also adopt the new brand and logo.

The major shareholders in StarStone are Bermuda-based Enstar Group and Stone Point Capital, headquartered in Connecticut.

StarStone chairman and chief executive officer Nick Packer said: “Since our change in ownership in April 2014, we have made significant progress by strengthening our management team and reorganising areas of 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.”

Mr Packer added: “We are committed to delivering the same high levels of service to our clients with new brand that underlines our position within Enstar Group and the strength of our combined partnership.”