Business
Investee Company Update - Nexus
Investee Company Update - Nexus.
About this update from B.p. Marsh & Partners Plc
[{"type":"text","content":"\n \nRNS Number : 2593D B.P. Marsh & Partners PLC 18 February 2020 \n\n18 February 2020\n \nB.P. Marsh & Partners Plc\n(\"B.P. Marsh\", \"the Company\" or \"the Group\")\nInvestee Company Update - Nexus Underwriting Management Limited\n \nB.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early stage financial services businesses, is pleased to note that its investee company Nexus Underwriting Management Limited (\"Nexus\"), has been ranked at number 78 in The Sunday Times International Track 200 league table, which ranks Britain's 200 mid-market private companies in order of fastest growing international sales.\n \nThis is a prestigious group of fast growing companies across all sectors of UK business. Nexus has eight overseas offices across Europe, America and Asia. Nexus increased its international sales to £7.6m for its year ended 31st December 2018, a significant increase from £3.2m for their year ended 31st December 2016.\n \nThe Group holds an aggregate Nexus shareholding of 17.7% and has been invested since August 2014. Nexus is one of the largest independently owned Managing General Agencies in the UK insurance market, budgeting to write over £345m of Gross Written Premium across various specialty lines in the 2020 financial year.\n \nDan Topping, B.P. Marsh's Chief Investment Officer and Nominee Director on the Board of Nexus has said: \"B.P. Marsh is pleased to note this accolade for Nexus, which is a testimony to Nexus' ability to deliver strong growth in international sales and expand their global footprint.\"\n \nFor further information:\n \n\n\n\nB.P. Marsh & Partners Plc\n\n\nwww.bpmarsh.co.uk\n\n\n\n\nBrian Marsh OBE / Harriett Osmond - Investor Relations\n\n\n+44 (0)20 7233 3112\n\n\n\n\n\n\n\n\n\n\n\n\nNominated Adviser & Broker\nPanmure Gordon (UK) Limited\n\n\n\n\n\n\n\nAtholl Tweedie / Charles Leigh-Pemberton / Ailsa Macmaster\n\n\n+44 (0)20 7886 2500\n \n\n\n\n\nFinancial PR\nTavistock Communications Limited\nSimon Hudson / Tim Pearson \n\n\n \[email protected] \n+44 (0)20 7920 3150\n\n\n\n \nNotes to Editors:\nB.P. Marsh's current portfolio contains seventeen companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk.\nSince formation over 25 years ago, the Company has ...