17th Jun 2025 13:03
(Alliance News) - BP Marsh & Partners PLC on Tuesday said it has acquired a 27% stake in London-based underwriting agency Cameron Specialty.
The London-based private equity firm, investing in early-stage financial services businesses said it has agreed to provide funding of up to GBP1.7 million to Cameron Specialty, through a mix of equity and a loan facility, which was partially drawn upon completion.
With BP Marsh's support, Cameron Specialty will look to expand its property insurance offering into the Republic of Ireland and Europe.
"We are pleased to be making this investment in Cameron Specialty, a business led by a highly experienced team. We look forward to partnering with their management team to deliver on their growth ambitions over the coming years, leveraging our expertise in helping early-stage underwriting agencies develop and scale," said BP Marsh Chief Investment Officer Dan Topping, who has also been appointed to the board of Cameron Specialty.
"Cameron Specialty represents a strong addition to our diversified portfolio of insurance intermediaries and aligns well with the type of business we have successfully backed and developed over the past 30 years."
Shares in BP Marsh were up 0.2% at 690.00 pence in London on Tuesday afternoon. The stock is up 34% over the past year.
By Emily Parsons, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
B.p Marsh