6th Sep 2021 15:47
BP Marsh & Partners PLC - investment firm - Says portfolio company Feducia MGA Co Ltd, in which it holds 35% stake, has developed a commercial relationship with Berkshire Hathaway Specialty Insurance. In 2021, Berkshire Hathaway became the new insurer on Fiducia's UK cargo & freight facility. A number of other A rated insurers sit behind Berkshire Hathaway on this facility, BP Marsh highlights.
"BP Marsh remains very pleased with how Fiducia has performed since our investment in 2016, with Fiducia on track to achieve its budget in 2021. This is an excellent achievement, especially given the additional challenges for those in the UK insurance market over the last few years," says BP Marsh Chief Investment Officer Dan Topping.
Current stock price: 320.00 pence
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By Evelina Grecenko; [email protected]
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