Montpelier Acquires Renewal Rights to Torus' Property Catastrophe Reinsurance Business

Torus today announced that it has reached an agreement with Montpelier Reinsurance Ltd., the Bermuda reinsurance subsidiary of Montpelier Re Holdings Ltd. MRH, (“Montpelier”), a provider of short-tail reinsurance and other specialty lines, to sell the renewal rights of its property catastrophe reinsurance book of business with immediate effect. Under the agreement Torus will also provide sidecar capacity to Montpelier, effective January 1, 2012.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!