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B.P. Marsh invests $5.1 million in new U.S. insurance vehicle, Autonomy Investment Partners
LONDON: Specialist private equity investor B.P. Marsh & Partners Plc has agreed to invest $5.1 million in Autonomy Investment Partners LLC, a newly formed investment vehicle targeting the U.S. insurance distribution market, the company announced Thursday. The investment gives B.P. Marsh a 17.9% preferred capital interest in Autonomy, which was established in partnership with…
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B.P. Marsh backs new insurance venture Sodalis in £5.3 mn funding round
LONDON – B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, has made an investment in Sodalis Capital Limited, a newly formed insurance intermediary group focusing on UK and international underwriting, wholesale broking and related services. B.P. Marsh has invested £5,337,333 for Cumulative Preferred Shares representing approximately 26.67%…
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B.P. Marsh to sell Stewart Specialty Risk stake to Ryan Specialty for up to $62 million
LONDON: British venture capital firm B.P. Marsh & Partners Plc (BPM.L) said on Tuesday it has agreed to sell its entire 28.2% stake in Canadian insurer Stewart Specialty Risk Underwriting Ltd. (SSRU) to Ryan Specialty Holdings Inc (RYAN.N) for a cash consideration that could reach up to 62 million Canadian dollars (£33.2 million). The…
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B.P. Marsh invests £10 million in Oneglobal to fuel global insurance expansion
LONDON: B.P. Marsh & Partners Plc (AIM: BPM), a specialist private equity investor in early-stage financial services firms, said on Tuesday it has invested £10 million in Oneglobal Broking Holdings Limited, a London-based international insurance broker majority-owned by J.C. Flowers & Co. The investment, structured as cumulative convertible preferred shares, will entitle B.P. Marsh…
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B.P. Marsh acquires 35% stake in UK insurance start-up Salus
LONDON: B.P. Marsh & Partners Plc (AIM: BPM), a specialist private equity investor in early-stage financial services firms, said on Monday it has acquired a 35% Cumulative Preferred Ordinary shareholding in Salus, a newly launched UK-based insurance intermediary group focused on Professional Indemnity insurance. The investment includes up to £2 million in funding, structured…
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B.P. Marsh acquires 27% stake in London underwriting agency Cameron Specialty
LONDON: B.P. Marsh and Partners PLC (AIM:BPM), a specialist private equity investor in early-stage financial services firms, has acquired a 27% stake in Cameron Specialty, a London-based underwriting agency. The investment includes funding of up to £1.7 million ($2.2 million) through a combination of equity and a loan facility, part of which was drawn at…
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B.P. Marsh has sold Sterling Insurance to ATC Insurance Solutions
LONDON: B.P. Marsh & Partners PLC, a specialist investor in early-stage financial services businesses, said Wednesday that Sterling Insurance Pty Ltd, a general liability underwriting agency focused on Australia’s construction industry, has been acquired by ATC Insurance Solutions Pty Limited. B.P. Marsh holds a 20% stake in Sterling and a 25% share in ATC,…
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B.P. Marsh acquires 35% stake in Verve Risk Services Limited for £1m
LONDON,UK:B.P. Marsh and Partners Plc, a specialist private equity investor in early stage financial services businesses, has acquired a 35% Cumulative Preferred Ordinary shareholding in Verve Risk Services Limited, a London-based Managing General Agency that specialises in Professional and Management Liability business for the insurance industry in the USA, Canada, Bermuda, Cayman Islands, and…
