B.P. Marsh has acquired a 44% shareholding in Czech underwriting agency CEE Specialty s.r.o. B.P. Marsh invested €3.3m of funding which was used in full to effect a management buy-out.

Dan Topping, Chief Investment Officer of the Company, who has been appointed to the Board of CEE Specialty commented:-

“We are excited to partner with a motivated management team with a well-established business, a solid client base and significant upside potential. We look forward to working with James and Tomáš over the coming years in developing the business.

“Our investment in CEE Specialty is a testament to our modus operandi, supporting a management team to undertake a management buy-out and receive majority control of the business, allowing them to take the business to next level of growth.”

James Grindley and Tomáš Maršálek, joint Founders of CEE Specialty, commented:-

“We are delighted to have B.P. Marsh as a partner in CEE Specialty to support us in achieving our long-term ambitions and goals set out in our business plan. In addition to B.P. Marsh’s financial investment, their team brings significant insurance experience and expertise.

“Over the coming years, CEE Specialty is looking to continue its profitable growth by further expanding and diversifying its array of marine, bond and liability products. We see B.P. Marsh as the perfect partner to assist us in bringing about this growth.”

In the short interview below, the team outline how the firm has consistently outpeformed the market