B.P. Marsh & Partners Plc
(“B.P. Marsh”, “the Company” or “the Group”)
New Investment – Ventura Risk Partners Holdings Limited
B.P. Marsh & Partners Plc (AIM: BPM), the specialist investor in early-stage financial services businesses, is pleased to announce that it has made an investment in Ventura Risk Partners Holdings Limited (“Ventura”), a newly formed insurance broker focused on placing energy risks into the Lloyd’s and wider London insurance markets.
B.P. Marsh has acquired a 25% equity interest in Ventura on a fully diluted basis, for a nominal consideration, together with the provision of a £2.0m loan facility.
Ventura is a start-up broker headquartered in London, specialising in energy risks within the Lloyd’s and London market.
Ventura has been founded by Alex Taylor, an experienced energy insurance broker who began his career at JLT Group, before moving to Miller Insurance Services, where he specialised in energy placements. Through these roles, Alex has developed strong relationships with both London market underwriters and North American brokers.
Ventura will operate within a London energy broking market that has undergone significant consolidation, reducing the number of independent specialist placement options available to North American retail brokers. Ventura intends to service this segment through an independent operating model, prioritising technical placement capability over scale.
The Board believes that Ventura represents an attractive opportunity to support Alex Taylor at an early stage, and is consistent with the Group’s strategy of investing in high-quality early-stage insurance intermediary businesses.
Abigail Benson, Investment Director at B.P. Marsh, has been appointed to the board of Ventura.
Alex Taylor, Founder and CEO of Ventura, said:-
“I am delighted to be launching Ventura Risk Partners with the backing of B.P. Marsh. Their long track record of supporting specialist insurance brokers at an early stage, while allowing management teams the independence to build high-quality businesses, made them an ideal partner for Ventura.
“The London energy market has seen significant consolidation in recent years, and we believe there is a clear opportunity for an independent platform that prioritises technical placement expertise and strong alignment with retail brokers. B.P. Marsh’s support provides us with both the financial backing and the strategic insight needed to establish Ventura on a strong footing as we build the business and selectively expand into adjacent energy and power-related lines.”
Dan Topping, Chief Executive Officer of B.P. Marsh, commented:-
“We are pleased to support the launch of Ventura Risk Partners and to back a specialist platform focused on placing North American energy risks within the Lloyd’s and London markets.
“This investment aligns well with our strategy of partnering with talented management teams at an early stage and providing both capital and strategic support as they build high-quality, specialist insurance businesses.”