In June 2017, the Group invested $6,000,000 for a 35% shareholding in the U.S. based specialty lines insurance distribution company, XPT.

The Group invested in XPT, through its wholly owned subsidiary company, B.P. Marsh (North America) Ltd. The Group backed the ex-Swett & Crawford CEO Tom Ruggieri and a strong management team to develop a wholesale insurance broking and underwriting agency platform across the U.S. Specialty Insurance Sector.

Since XPT was established, it has made three acquisitions. Western Security Surplus Insurance Brokers, is a Wholesale Broker and Managing General Agency, which specialises in Property & Casualty insurance. W.E. Love & Associates, is a Managing General Agency which specialises in Trucking Liability and Physical Damage & Motor Truck Cargo. SVA Underwriting Services is a Managing General Agency and Lloyd’s Coverholder which specialises in Physical Damage and Cargo cover for the Trucking Insurance sector

For further information please go to:
http://xptspecialty.com/

Recent News

Acquisition of CAL and funding – February 2023

Acquisition of S&H and fund-raising – October 2021

Acquisition of IPC – January 2021

Acquisition of Houston Surplus Lines – August 2020

Acquisition of LP Risk, Inc – April 2020

Fundraising & Acquisition of Sierra Specialty – September 2019

Acquisition of SVA Underwriting Services – January 2019

Acquisition of W.E. Love – January 2018

Acquisition of WSS – November 2017

Investment in XPT