B.P. Marsh & Partners PLC Investee Co. Update - Nexus Underwriting Mgt Ltd (0381M)
September 11 2019 - 11:48AM
UK Regulatory
TIDMBPM
RNS Number : 0381M
B.P. Marsh & Partners PLC
11 September 2019
11 September 2019
B.P. Marsh & Partners Plc
("B.P. Marsh", "the Company" or "the Group")
Investee Company Update - Nexus Underwriting Management
Limited
B.P. Marsh & Partners Plc (AIM: BPM), the specialist
investor in early stage financial services businesses, is pleased
to note that its investee company Nexus Underwriting Management
Limited ("Nexus"), has announced that it has appointed Andrew Moss
as independent Non-Executive Chairman. The Group holds an aggregate
shareholding of 18.5% and has been invested since August 2014. The
appointment of Andrew Moss forms part of Nexus' strategic growth
plan.
Andrew Moss has had a long and distinguished career within the
insurance industry, including five years as Group CEO of Aviva Plc.
Prior to this he spent four years as Director of Finance, Risk
Management and Operations at Lloyd's of London, between 2007 and
2012.
In 2014 Andrew joined Parker Fitzgerald Ltd ("Parker
Fitzgerald"), the London based Management Consultancy, as Chairman
of the Advisory Board. During his time at Parker Fitzgerald, he has
been key in assisting Parker Fitzgerald's recent sale to Accenture,
which completed earlier this year.
Andrew Moss, commenting on his appointment said:"Nexus has made
remarkable progress over the last few years and I look forward to
working with the Nexus team to ensure that they continue on their
growth path and achieve their strategic aims."
Colin Thompson, Nexus Founder and Group CEO has commented: "This
is a fantastic move for Nexus. Andrew will provide independent
strategic advice and guidance to the Nexus executive and
shareholders. His wide array of experience places him in the ideal
position to provide thought leadership and advice on the strategy,
financial performance and future growth."
Dan Topping, BP Marsh's Chief Investment Officer and Nominee
Director on the Board of Nexus has said: "I am pleased that Andrew
Moss has joined the Board of Nexus. His appointment will assist
Nexus in their strategic aspirations."
For further information:
B.P. Marsh & Partners Plc www.bpmarsh.co.uk
Brian Marsh OBE +44 (0)20 7233 3112
Nominated Adviser & Broker
Panmure Gordon
Atholl Tweedie / Erik Anderson / Ailsa Macmaster +44 (0)20 7886
2500
Notes to Editors:
B.P. Marsh's current portfolio contains nineteen companies. More
detailed descriptions of the portfolio can be found at
www.bpmarsh.co.uk.
Since formation over 25 years ago, the Company has assembled a
management team with considerable experience both in the financial
services sector and in managing private equity investments. Many of
the directors have worked with each other in previous roles, and
all have worked with each other for at least five years.
Prior to Brian Marsh's involvement in the Company, he spent many
years in insurance broking and underwriting in Lloyd's as well as
the London and overseas market. He has over 30 years' experience in
building, buying and selling financial services businesses,
particularly in the insurance sector.
Alice Foulk joined B.P. Marsh in September 2011 having started
her career at a leading Life Assurance company. In 2014 she took
over as Executive Assistant to the Chairman, running the Chairman's
Office and established herself as a central part of the management
team.
In February 2015 she was appointed as a Director of B.P. Marsh
and a member of the Investment Committee. In January 2016 Alice was
appointed Managing Director of B.P. Marsh.
In her position as Managing Director, Alice is responsible for
the overall performance of the Company and monitoring the Company's
overall progress towards achieving the objectives and goals of the
Company, as set by the Board.
Dan Topping is the Chief Investment Officer of B.P. Marsh, with
over a decade of experience in the financial services sector. Dan
graduated from the University of Durham in 2005 and is a member of
the Securities and Investment Institute and the Institute of
Chartered Secretaries and Administrators. Having spent two years at
an independent London accountancy practice, he joined the company
in 2007. He was appointed as a Director in 2011 and promoted to his
current role in 2015.
Dan is a standing member of the B.P. Marsh Investment and
Valuation Committees and currently serves as a Board Director
across the portfolio.
Jonathan Newman is a Chartered Management Accountant and is the
Group Director of Finance and has over 20 years' experience in the
financial services industry. Jon graduated from the University of
Sheffield with an honours degree in Business Studies and joined the
Group in November 1999, following two years at Euler Trade
Indemnity and two years at a Chartered Accountants. Jon is a Member
of the Chartered Global Management Accountants, the Chartered
Management Accountants and the Chartered Institute of Securities
and Investment.
Jon was appointed a Director of B.P. Marsh & Company Limited
in September 2001, and Group Finance Director in December 2003 and
was instrumental in the admission of the Group to AIM in February
2006. Jon is a member of the B.P. Marsh Investment and Valuation
Committees and currently serves as a Nominee Director on the Boards
of three Investee Companies, and provides senior financial support
and advice to all companies within the Group's portfolio as well as
evaluating new investment opportunities.
- Ends -
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END
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