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21 May 2012

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Britt Newhouse: Torus facility a ‘meeting of minds’

14 September 2010

The Guy Carpenter, Aon Benfield and Torus alliance to create a facility providing $1bn-plus of excess liability cover for oil companies' control of well and pollution clean-up costs is a "meeting of minds", according to chairman of Guy Carpenter, Britt Newhouse.

Speaking to The Insurance Insider during the Monte Carlo Rendez-Vous, Newhouse spelt out key differences between the Torus facility and Munich Re's proposal to create up to $20bn in new third-party liability cover for offshore drilling operations around the...

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