IN BRIEF: BP Marsh joins US portfolio firm XPT to form Gambit Re
18th Aug 2025 13:33
BP Marsh & Partners PLC - London-based private equity investor in early-stage financial services firms - Supports US-based portfolio firm XPT Group LLC by helping to form Gambit Risk Finance LLC, a reinsurance vehicle for some XPT underwriting programmes. BP Marsh will invest up to USD5 million into Gambit Re, with USD1.9 million of this upon completion of the deal. Gambit Re will have USD60 million in preferred equity in total, including also USD45 million from Chicago-based Accord Capital Investments and USD10 million from XPT senior management. BP Marsh will have an 8% preferred equity stake in Gambit Re. Read More