Home - B.P. Marsh

Farmers not hunters

We grow businesses in a financially sustainable and secure way

Investing in potential

Achieving attractive long-term, low risk returns for investors

B.P. Marsh & Partners PLC (AIM: BPM) is a specialist private equity investor in early stage financial services businesses based in the United Kingdom and globally, with a specific focus on Insurance Intermediaries.

Highlighted news

Filter

Company Media Portfolio Updates Disposals Acquisitions and Investments Results Sale of shareholding

Results

Full Year Results for the Year Ended 31 Januay 2025

10 June 2025

B.P. Marsh & Partners Plc (AIM: BPM), the specialist private equity investor in early-stage financial services businesses, announces its audited Group Final Results for the year ended 31 January 2025.

Filter

Company Media Portfolio Updates Disposals Acquisitions and Investments Results Sale of shareholding

Amiga Acquisitions and Investments

New Investment – Amiga Speciality Holdings Limited

4 June 2025

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 subscribed for a 49% shareholding in…

Filter

Company Media Portfolio Updates Disposals Acquisitions and Investments Results Sale of shareholding

iO partners Acquisitions and Investments

New Investment – iO Partners

23 April 2025

B.P. Marsh (AIM: BPM), the specialist investor in early-stage financial services businesses, is pleased to announce that it has subscribed for an 8% shareholding, via a mixture of Preferred and…

Filter

Company Media Portfolio Updates Disposals Acquisitions and Investments Results Sale of shareholding

Company Media

Dan Topping on the ingredients for a successful investment | Insurance Insider

5 March 2025

Is the MGA start-up boom here to stay? – According to BP Marsh's chief investment officer Dan Topping, the answer is a resounding 'yes'.

Filter

Company Media Portfolio Updates Disposals Acquisitions and Investments Results Sale of shareholding

All portfolio company news & media Results

Trading Statement

24 February 2025

B.P. Marsh & Partners Plc (AIM: BPM), the specialist venture capital investor in early stage financial services businesses, provides an update on trading for the Group's financial year to 31…

Filter

Company Media Portfolio Updates Disposals Acquisitions and Investments Results Sale of shareholding

Results

Interim Dividend Declaration

23 January 2025

B.P. Marsh & Partners Plc (AIM: BPM), the specialist venture capital investor in early stage financial services businesses, is declaring an Interim Dividend of 6.78p per share (the "Interim Dividend").

Filter

Company Media Portfolio Updates Disposals Acquisitions and Investments Results Sale of shareholding

SRT & Partners Acquisitions and Investments

New Investment – SRT & Partners Limited

30 October 2024

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 30% Cumulative Preferred Ordinary shareholding…

View RNS announcements

Key metrics

(as at 31 January 2025)

£326.4m

Net Asset Value (NAV)

890.0p

Net Asset Value (NAV) per Share

63

Investments made since inception

18

Active Investments in Portfolio

”Our consistent investment philosophy has continued to deliver strong NAV growth and returns for shareholders. Our unique insights and relationships in the start-up insurance intermediary space means we see the best quality new investment opportunities, and our expertise helps our portfolio companies fulfil their potential.
Brian Marsh OBEChairman

Strategy in action

Since inception B.P. Marsh has maintained an average compound annual increase in Net Asset Value (“NAV”) of over 12%.

Share price information

It is to be noted that the diluted NAV per share figure at 31 January 2025 is 847.3p (31 July 2024 is 658.5p,January 2024: 626.9p). Please refer to Note 10 within the Full Year Results for the Year Ended 31 January 2025 released on 10 June 2025

Our portfolio

We currently hold investments in the following companies:

Ag Guard

Ag Guard is a Managing General Agency, which provides insurance to the Agricultural Sector, based in Sydney, Australia.

Ai Marine Risk

Ai Marine is a London-based Managing General Agency focusing on marine hull insurance.

Amiga

Amiga is a start-up entity, which is looking to build an international specialty underwriting agency, with a diverse portfolio of speciality products across key international markets, both organically and via a targeted M&A strategy.

Asia Reinsurance Brokers

ARB is an independent specialist reinsurance and insurance risk solutions provider based in Singapore.

ATC Insurance Solutions

ATC is a Managing General Agency and Lloyd’s Coverholder based in Melbourne specialising in Construction, Plant and Machinery, Cyber, Sports, Leisure and Events and Accident & Health.

CEE Specialty

CEE Specialty is an underwriting agency based in Prague, Czech Republic specialising in Marine Hull, Bonds and Liability Insurance

Criterion Underwriting

Criterion is a Managing General Agency based in Singapore.

Denison and Partners

Denison and Partners Limited is a start-up London-based Lloyd’s Insurance Broker.

Devonshire Underwriting

Devonshire is a London-based Underwriting Agency, specialising in transactional risks encompassing Warranty & Indemnity, Specific Tax, and Legal Contingency Insurance.

Fiducia

Fiducia is a UK-based Managing General Agency and Lloyd’s Coverholder which specialising in the provision of insurance solutions across a number of Marine risks.

iO Partners

iO Partners is a buy-and-build opportunity within the alternative financing market, intending to bring together a diverse group of alternative finance providers to support and grow the UK economy and SME market.

Pantheon

Pantheon is an UK-based specialist insurance broker specialising in property, casualty, professional lines & reinsurance/delegated authority.

Sage

Sage is a U.S.-based provider of specialist insurance products to niche industries, such as Worker’s Compensation insurance.

SRT & Partners

SRT & Partners Limited is a start up UK Retail and London Market broker. It is headquartered in London, furnishing its clients and exclusive partners with access to the specialist Broking and Underwriting services they require.

Stewart Specialty

SSRU is an Underwriting Agency, based in Toronto, Canada that provides specialist insurance products to a wide array of clients.

Verve Risk Services

Verve is a London-based Managing General Agency specialising in Professional and Management Liability for the insurance industry.

Volt UW

Volt UW is a London-based Managing General Agency, specialising in energy insurance with a clear focus on insuring property risks associated with power generation and midstream energy, in both the non-renewable and renewable sector.

XPT

XPT is a U.S.-based wholesale insurance broking and underwriting agency platform across the U.S. Specialty Insurance Sector.

Investment case

The global insurance market continues to be a promising destination for investors and investees through all phases of business growth. Our position as capital provider of choice for the sector in which we operate offers us unparalleled access to new opportunities.

VIEW LATEST PRESENTATION

Recent exits

VIEW RECENT EXITS

Showreel

71

New investment opportunities in 12 months to January 2025

63%

New enquiries from referrals from our existing network

Team

VIEW TEAM

History

B.P. Marsh was founded in 1994 and has since invested in 63 companies. We have 18 investments in our current portfolio based in the UK and around the world.

Investment strategy

We take a long term view, with an average holding period of 6.7 years typically making an initial investment of up to £5m for minority equity positions (20-40% shareholdings).