B.P. Marsh & Partners PLC
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Brian Marsh will take up a non-executive position, effective immediately. -
The venture will focus on speciality underwriting and related platforms.
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Volt was launched in October 2024 to support clients through the energy transition.
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BP Marsh has agreed the sale of its 28.2% shareholding as part of the deal.
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The investor has made four new investments post-H1.
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Current backer JC Flowers will retain its holding and the cash will fund a Bermuda acquisition.
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MGA Amiga Specialty launched in May, with backing from investor BP Marsh.
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It subsequently emerged that Thompson was not joining Amiga and has since set up Sodalis Capital.
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The deal puts an equity value of £275mn on the broking firm.
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The firm's near-term global strategy includes operations in the UK, US, parts of Europe and Asia.
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The investor reported a total shareholder return of £101.2mn for 2024.
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The executive said MGA and broking start-up activity looked set to continue.
