B.P. Marsh Invests in Cameron Specialty Underwriting Agency
B.P. Marsh and Partners Plc, a specialist private equity investor in early-stage financial services businesses, has acquired a 27% shareholding in Cameron Specialty, a London-based underwriting agency. The investment involves funding of up to £1.7 million through a mix of equity and loan facility, with the loan facility being partially drawn upon completion.
Cameron Specialty, founded in 2021, specializes in UK property insurance in the commercial combined and property owners sectors. The company’s management team, backed by B.P. Marsh, plans to expand its property insurance offering into the Republic of Ireland and Europe, leveraging existing broker relationships while developing into other lines of business.
“With B.P. Marsh’s backing, Cameron Specialty is well-positioned to deliver on its strategic objectives of expanding our footprint across the UK and European property insurance market and building a leading, specialist underwriting agency,” said Tom Kirkland, founder and CEO of Cameron Specialty. Kirkland praised B.P. Marsh’s expertise in the insurance sector and their track record of supporting entrepreneurial businesses.
Dan Topping, chief investment officer of B.P. Marsh, who has been appointed to Cameron Specialty’s board, stated, “We are pleased to be making this investment in Cameron Specialty, a business led by a highly experienced team. We look forward to partnering with their management team to deliver on their growth ambitions over the coming years.”
Cameron Specialty represents a strong addition to B.P. Marsh’s diversified portfolio of insurance intermediaries, aligning with the type of business they have successfully backed and developed over the past 30 years. B.P. Marsh has invested in 19 underwriting agencies and brokers across various countries, including Australia, the Czech Republic, Singapore, the UK, and the U.S.
