B.P. Marsh & Partners, a specialist private equity investor, has acquired a 27% shareholding in Cameron Specialty, a London-based underwriting agency.

Founded in 2021, Cameron Specialty focuses on UK property insurance across the commercial combined and property owners sectors. The business is led by Founder and CEO Tom Kirkland.

B.P. Marsh will provide up to £1.7 million in funding through a mix of equity and loan facility, the latter of which was partially drawn upon completion.

With B.P. Marsh’s support, Cameron Specialty’s management team plans to expand its property insurance offering into the Republic of Ireland and Europe, leveraging existing broker relationships while also diversifying into other lines of business.

Kirkland commented, “We are excited to welcome B.P. 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 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. We look forward to working closely with the B.P. Marsh team to achieve our long-term ambitions.”

Adrian Colosso, Non-Executive Chairman of Cameron Specialty, added, “We are thrilled to welcome B.P. Marsh as an investor in Cameron Specialty. Their commitment brings not only capital but also a wealth of expertise and a long-standing reputation in the insurance sector. This partnership marks an exciting milestone for Cameron Specialty as we continue to grow and strengthen our position in the market.”

Dan Topping, Chief Investment Officer at B.P. Marsh, who has been appointed to the Board of Cameron Specialty, said, “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, leveraging our expertise in helping early-stage underwriting agencies develop and scale.

“Cameron Specialty represents a strong addition to our diversified portfolio of insurance intermediaries and aligns well with the type of business we have successfully backed and developed over the past 30 years.”

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