Torus gets £120m cash boost

Torus Insurance, the business led by industry veteran Clive Tobin which is one of London’s fastest growing insurers, has received a £120m cash injection from American private equity investors to fund its underwriting operations. Torus was launched 18 months ago with a skeleton staff of 20. Its headcount has already grown to 260 and investment bankers expect the business to go public within the next three years.