B.P. Marsh & Companions has invested in Sodalis Capital, a newly launched insurance coverage middleman centered on underwriting and broking companies.
B.P. Marsh provided £5,337,333 ($7,066,255) for cumulative most popular shares and secured a 26.67% holding within the newly established firm.
Entry deeper trade intelligence
Expertise unmatched readability with a single platform that mixes distinctive information, AI, and human experience.
Sodalis will use the funds to pursue a buy-and-build strategy inside the insurance coverage middleman section, with consideration on specialist underwriting and wholesale broking teams all through Europe, the UK and areas within the Center and Far East.
The funding helps Sodalis’ preliminary acquisitions in addition to supplies regulatory and dealing capital for each the group and its future subsidiaries.
The transaction includes Alliant Insurance coverage Providers, which is buying an equal 26.67% shareholding underneath the identical situations as B.P. Marsh.
Alliant operates as an insurance coverage middleman, reporting greater than $5bn in annual brokerage income.
Its participation is meant to carry further distribution channels and sector perception to the partnership.
Colin Thompson leads Sodalis as founder and CEO, drawing on greater than 30 years’ expertise in establishing and managing insurance coverage intermediaries at a global degree.
Thompson can be investing alongside B.P. Marsh and Alliant, taking on an equal 26.67% stake on the identical phrases.
Thompson stated: “B.P. Marsh’s long-standing experience and deep sector information make them the best associate as we execute our technique to construct a main impartial worldwide insurance coverage group, alongside Alliant who present not solely capital however operational experience in constructing blue chip insurance coverage distribution companies.”
B.P. Marsh chief funding officer Dan Topping will be a part of the Sodalis board.
Topping added: “We’re happy to announce our funding in Sodalis, alongside Colin Thompson and Alliant. This partnership brings collectively an skilled administration crew and a number one worldwide insurance coverage middleman, creating a powerful basis for progress within the specialist middleman market.
“We consider this funding presents a gorgeous risk-return profile and additional diversifies our portfolio of insurance coverage middleman companies.”
