Business
New Investment - Denison and Partners Limited
New Investment - Denison and Partners Limited.
About this update from B.p. Marsh & Partners Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7996F\n B.P. Marsh & Partners PLC\n 24 March 2022\n \n \n \n \n \n \n \n Date: 24 March 2022\n \n \n \n \n \n B.P. Marsh & Partners Plc\n \n \n (\"B.P. Marsh\", \"the Company\" or \"the Group\")\n \n New Investment - Denison and Partners Limited\n \n \n \n \n B.P. Marsh and Partners Plc (AIM:BPM), the Specialist Private Equity Investor in early stage financial services businesses, is pleased to announce that it has acquired a 40% Cumulative Preferred Ordinary shareholding in Denison and Partners Limited (\"Denison and Partners\"). B.P. Marsh has also provided a Loan Facility to Denison and Partners. This facility is available from completion and will be drawn down in tranches, in line with Denison and Partners' business plan. In aggregate, the Company will be providing funding of £802,000.\n \n \n \n \n \n Denison and Partners is a start-up London-based Lloyd's Insurance Broker, established by Alasdair Ritchie, with a focus on delivering (re)insurance delegated authority solutions and services to Managing General Agencies, Coverholders and (re)insurers. Denison and Partners will look to leverage its historic strong foundation and relationships in the Financial and Professional lines sector, primarily across the UK, US and Canada. At the same time, Denison and Partners shall seek to capitalise on opportunistic lines of business across other sectors, as may be presented by favourable market conditions, not least by seeking new hires and teams specialising in those expansive lines.\n \n \n \n \n \n Denison and Partners seeks to build long-term partnerships with its clients, developing tailored risk solutions in order to meet complex client needs in today's trading and business environment. \n \n \n \n \n \n Alasdair has over 40 years of experience in the (re)insurance market. Prior to establishing Denison and Partners, Alasdair had held a number of senior roles at Willis Group, now known as Willis Towers Watson (WTW), Marsh McLennan and most recently BMS Group. At BMS Group Alasdair established, and was Managing Director of, BMS Professional and Financial Risks Limited. \n \n \n \n \n \n Dan Topping, Chief Investment Officer of the Company, commenting on this investment, stated:-\n \n \n \n \n \n \"We are pleased to be investing&nb...