Private equity investor BP Marsh and Partners Plc has acquired a 27% shareholding in London-based underwriting agency Cameron Specialty HoldCo Ltd. The deal sees BP Marsh provide funding of up to £1.7m via a mix of equity and a loan facility. Cameron Specialty was founded in 2021 and focuses on UK property insurance in the commercial combined and property owners sectors.
Tom Kirkland, founder and CEO of Cameron Specialty, said: “We are excited to welcome BP Marsh as a partner in Cameron Specialty as we embark on the next stage of our growth journey. Their expertise in the insurance sector, combined with a proven track record of supporting entrepreneurial businesses, makes them an ideal partner for us.”
“With BP 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. We look forward to working closely with the BP Marsh team to achieve our long-term ambitions.”
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