Torus Insurance Selects RMS Models for Use in Underwriting Decision-Making

Newark, CA –  July 22, 2008 – Risk Management Solutions (RMS) today announced that specialist industry start-up Torus Insurance has licensed a comprehensive range of RMS’ catastrophe risk models to assist with its underwriting decision-making.

Torus - a technical lines insurer specializing in large complex risks, with a particular focus on the energy sector - was launched earlier this year by a group of senior insurance practitioners with backing from private equity firm First Reserve Corporation.  Rated A- (excellent) by A.M. Best, Torus will license a global suite of RMS models, including the industrial facilities, offshore platform, and terrorism scenario models.

“As a rapidly expanding insurer committed to underpinning its portfolio decision-making with rigorous analysis, we are working to align ourselves with the leading technical innovators in the insurance market,” said David Hope, chief underwriting officer, Torus Insurance. “RMS’ advanced understanding of hazard and vulnerability, along with the quality of its local client service, will help us to improve our underwriting processes, enhance our risk pricing and selection, and optimize our capital management.”

“Given Torus’ focus on the energy sector and engineered risks, the company should benefit significantly from our industrial facilities and offshore catastrophe models,” added Daniel Stander, RMS London market practice.  “We are excited that a sophisticated start-up organization like Torus has chosen to engage with us from the outset as their primary source of catastrophe expertise, and we look forward to working in partnership with them as they grow.”

About Torus

Torus is a technical lines insurer specializing in large complex risks with particular focus on the energy sector. Its investment in experienced underwriting teams and industry leading technology is designed to provide insurance buyers with knowledgeable partners and their service providers with improved service at every point of the insurance transaction. Torus is rated A- (excellent) by A.M. Best.