B.P. Marsh & Partners has invested in Sodalis Capital, a newly launched insurance intermediary focused on underwriting and broking services. 

B.P. Marsh offered £5,337,333 ($7,066,255) for cumulative preferred shares and secured a 26.67% holding in the newly established company.  

Sodalis will use the funds to pursue a buy-and-build approach within the insurance intermediary segment, with attention on specialist underwriting and wholesale broking groups throughout Europe, the UK and regions in the Middle and Far East.  

The investment supports Sodalis’ initial acquisitions as well as provides regulatory and working capital for both the group and its future subsidiaries. 

The transaction involves Alliant Insurance Services, which is acquiring an equivalent 26.67% shareholding under the same conditions as B.P. Marsh.  

Alliant operates as an insurance intermediary, reporting more than $5bn in annual brokerage revenue. 

Its participation is intended to bring additional distribution channels and sector insight to the partnership. 

Colin Thompson leads Sodalis as founder and CEO, drawing on more than 30 years’ experience in establishing and managing insurance intermediaries at an international level.  

Thompson is also investing alongside B.P. Marsh and Alliant, taking up an equal 26.67% stake on the same terms. 

Thompson said: “B.P. Marsh’s long-standing expertise and deep sector knowledge make them the ideal partner as we execute our strategy to build a leading independent international insurance group, alongside Alliant who provide not only capital but operational expertise in building blue chip insurance distribution businesses.” 

B.P. Marsh chief investment officer Dan Topping will join the Sodalis board.  

Topping added: “We are pleased to announce our investment in Sodalis, alongside Colin Thompson and Alliant. This partnership brings together an experienced management team and a leading international insurance intermediary, creating a strong foundation for growth in the specialist intermediary market. 

“We believe this investment offers an attractive risk-return profile and further diversifies our portfolio of insurance intermediary businesses.”