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

New Investment: Sodalis Capital LimitedSodalis CapitalAcquisitions and Investments

New Investment: Sodalis Capital Limited

27 November 2025
B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, is pleased to announce that it has made an investment in Sodalis Capital Limited ("Sodalis"),…
Half Year ResultsResults

Half Year Results

21 October 2025
B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, announces its unaudited Group Half Year Results for the six months to 31 July 2025…
New Investment: Oneglobal Broking Holdings LimitedOneglobalAcquisitions and Investments

New Investment: Oneglobal Broking Holdings Limited

30 September 2025
B.P. Marsh & 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 shareholding in Oneglobal,…
New Investment – Salus Capital Partners LimitedSalusAcquisitions and Investments

New Investment – Salus Capital Partners Limited

22 September 2025
B.P. Marsh & Partners Plc (AIM: BPM), the specialist private equity investor in early-stage financial services businesses, is pleased to announce that it has acquired a 35% Cumulative Preferred Ordinary…
New Investment – Supporting the growth of XPT GroupXPT GroupAcquisitions and Investments

New Investment – Supporting the growth of XPT Group

14 August 2025
B.P. Marsh & Partners Plc (AIM: BPM), the specialist private equity investor in early-stage financial services businesses, is pleased to announce that it has made a complementary investment in support…
New Investment – Cameron Specialty HoldCo LimitedCameron Specialty HoldCo LimitedAcquisitions and Investments

New Investment – Cameron Specialty HoldCo Limited

17 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 acquired a 27% shareholding in Cameron…
Full Year Results for the Year Ended 31 January 2025Results

Full Year Results for the Year Ended 31 January 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.

Key metrics

(as at 31 July 2025)

£349.5m

Net Asset Value (NAV)

956.1p

Net Asset Value (NAV) per Share

63

Investments made since inception

22

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 July 2025 is 909.8p (31 January 2025 was  847.3p, 31 July 2024: 658.5p). Please refer to Note 10 within the Half Year Results for the Period Ended 31 July 2025 released on 21 October 2025

Our portfolio

We currently hold investments in the following companies:

Ag Guard

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 Risk

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

Amiga

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

Asia Reinsurance Brokers

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

ATC Insurance Solutions

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.

Cameron Specialty

Cameron Specialty

Cameron Specialty is a London-based underwriting agency specialising in UK property insurance in the commercial combined and property owner sectors.

CEE Specialty

CEE Specialty

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

Denison and Partners

Denison and Partners

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

Devonshire Underwriting

Devonshire Underwriting

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

Fiducia

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

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.

Oneglobal

Oneglobal

Oneglobal is a London-based international retail and wholesale insurance broker which provides specialist insurance solutions across multiple markets.

Pantheon

Pantheon

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

Sage

Sage

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

Salus

Salus

Salus is a UK-based start-up insurance intermediary group specialising in Professional Indemnity insurance.

Sodalis Capital

Sodalis Capital

Sodalis Capital is a newly formed insurance intermediary group focusing on UK and international underwriting, wholesale broking and related services.

SRT & Partners

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.

Verve Risk Services

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

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

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.

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VIEW LATEST PRESENTATION

Recent exits

VIEW RECENT EXITS

36

New investment opportunities in 6 months to July 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 23 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).
B.P. Marsh
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