20 May 2014 Insurance

VJ Dowling fund invests in Torus and Atrium

Dowling Capital Partners, a private equity fund run by boutique investment bank VJ Dowling, has invested in the insurance operations Torus and Atrium alongside Enstar and Stone Point Capital.

The move is an apparent endorsement of the strategy of Bermuda-based run-off specialist, which expanded into the active underwriting business last year with the acquisitions of Atrium Underwriting Group and Arden Reinsurance Company. In April this year, it acquired Torus Insurance Holdings.

The $15.4 million investment was made by Dowling Capital Partners by purchased common shares in Bayshore Holdings, the entity that now owns Torus, and Northshore Holdings, the parent company of Atrium and Arden. It now holds a 1.7 percent stake in each entity.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk