B.P. Marsh invests in Stewart Specialty Risk Underwriting
U.K. private equity firm B.P. Marsh and Partners has acquired a 30 percent interest in Stewart Specialty Risk Underwriting Ltd (SSRU), a Toronto provider of insurance products to clients in the construction, manufacturing, onshore energy, public entity and transportation industries. In addition to its undisclosed equity investment, B.P. Marsh gave SSRU access to a loan facility of $850,000. With the deal, Oliver Bogue, an investment director at B.P. Marsh, will join the company's board. SSRU was founded last year by CEO Stephen Stewart. B.P. Marsh specializes in investing in early-stage financial services businesses.
30 January 2017•3 mins read
