Business
Update on Sodalis Capital Limited
B.P. Marsh & Partners Plc announced that its portfolio company, Sodalis Capital Limited, has launched Brecon Specialty Limited, a new London-based wholesale insurance broker focused on Cyber and Technology Errors & Omissions risks. Brecon, which commences trading immediately, is led by CEO David Rees and a team of 14 experienced professionals, aiming to provide specialist broking and risk advisory services to international independent brokers and direct clients. This launch aligns with Sodalis' strategy to build a diversified international specialty insurance platform, following B.P. Marsh's investment in November 2025. Disclaimer*
About this update from B.p. Marsh & Partners Plc
[{"type":"text","content":"\n\n11 March 2026\n \nB.P. Marsh & Partners Plc\n(\"B.P. Marsh\", the \"Company\" or the \"Group\")\n \nUpdate on Sodalis Capital Limited\n \nB.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, notes yesterday's announcement by portfolio company Sodalis Capital Limited (\"Sodalis\") regarding the launch of Brecon Specialty Limited.\n \nBackground to Sodalis\n \nB.P. Marsh invested in Sodalis in November 2025, a newly formed insurance intermediary group focused on UK and international underwriting, wholesale broking and related services.\n \nSodalis was established to pursue a buy-and-build strategy within the international insurance intermediary sector, targeting specialist underwriting and wholesale broking platforms across the UK, Europe and Asia.\n \nB.P. Marsh's investment was made alongside Alliant Insurance Services, Inc. (\"Alliant\"), which also holds an approximate 27% shareholding in Sodalis. Alliant is the fifth largest insurance intermediary group globally, generating over $5bn of insurance brokerage annually.\n \nSodalis was founded by Colin Thompson, an insurance executive with over 30 years' experience in building and managing insurance intermediary businesses globally. Colin invested alongside B.P. Marsh and Alliant and also holds a c.27% shareholding in Sodalis.\n \nLaunch of Brecon Specialty by Sodalis Capital (\"Brecon\")\n \nOn 10 March 2026 Sodalis announced the launch of Brecon, a new London-based wholesale insurance broker.\n \nBrecon has been created to provide specialist broking and risk advisory services to international independent brokers, as well as direct clients, with a focus on Cyber and Technology Errors & Omissions (E&O) risks globally.\n \nBrecon, which will commence trading immediately, is led by David Rees as CEO, formally a Managing Director at Howden and a senior figure in the cyber insurance market. David will lead a team of 14, who collectively have over 100 years of combined experience across cyber insurance and the London insurance market.\n \nThe team is made up of experienced practitioners with long-standing relationships across insurers and syndicates operating in the Lloyd's and London company markets, positioning Bre...