B.P. Marsh acquires minority stake in SSRU

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By Ted Liu

B.P. Marsh & Partners PLC (LSE-AIM: BPM), a London, UK based specialist private equity investor in early stage financial services businesses, has acquired 30% Cumulative Preferred Ordinary shareholding in Toronto based Stewart Specialty Risk Underwriting Ltd. (SSRU).

Financial terms were not disclosed. B.P. Marsh & Partners typically invests amounts of up to £3.5m in initial funding.

In addition to the equity investment, B.P. Marsh & Partners has also provided a six year loan facility of CDN $0.85m to SSRU.

Established by CEO Stephen Stewart in 2016, Stewart Specialty Risk Underwriting Ltd. provide specialist insurance products to a wide array of clients in the Construction, Manufacturing, Onshore Energy, Public Entity and Transportation sectors.

Following the investment, Oliver Bogue, Investment Director of B.P. Marsh & Partners, has joined Stewart on the board of SSRU.

photo credit: B.P. Marsh & Partners