New Energy insurer Torus launches in London and Bermuda with $720m
First Reserve Corporation, the company beind the 2006 Petrel Re energy sidecar for Validus Re and Sideris Re, has joined forces with a group of senior insurance practitioners to create a new specialist insurance company, Torus Insurance Holdings Limited (Bermuda).
Torus is supported by a $720 million equity funding from First Reserve, the leading private equity firm that specializes in the energy sector. Senior management of Torus has also invested personally
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