Investment in JMD

B.P. Marsh & Partners PLC 05 March 2007 Date: 5th March 2007 On behalf of: B.P. Marsh & Partners Plc ('B. P. Marsh' or the 'Company') B.P. Marsh & Partners Plc Investment in JMD Specialist Insurance Services Group Ltd B. P. Marsh & Partners Plc (AIM: BPM), a niche venture capital provider to early stage financial services businesses, announces that it has acquired an equity interest of 25% in JMD Specialist Insurance Services Group Ltd ('JMD'), for a consideration of £0.6m. Whilst the Company has made several investments in its existing portfolio, this transaction represents the first new investment made by B.P. Marsh since it floated on AIM in February 2006. JMD is a specialist accelerated premium collection service based in London. It provides a unique approach to the acceleration of insurance cash flow as well as effective balance sheet management such as managing outstanding loss reserves through the use of its bespoke insurance software. Its services include: - premium collection and control - facility management - reinsurance recoveries - outstanding loss reserves review - commutations - closed year collections - broker performance review - coverholder reviews - legacy wordings B.P. Marsh is funding the investment using its existing cash resources. In line with the Company's investment approach, a B.P. Marsh director will join the board of JMD. Commenting on the investment, Brian Marsh OBE, BP Marsh's Chairman, said: 'JMD has enjoyed a strong reputation in the market for the quality of its people, services and systems. Its proven track record of achieving measurable profit enhancements for its clients and excellent management team makes JMD a very attractive investment proposition. We are delighted to provide the support needed to enable them to exploit certain opportunities available to them. ' John Dewen, Chief Executive of JMD, commented: 'The Group is now embarking upon the next stage of its strategic development and we are delighted that BPM, a niche investor in the insurance industry, shares our vision for the future. Insurance market reforms and the current appetite for change are presenting a number of opportunities for the Group and BPM's involvement ensures that we will be able to progress them to their full potential.' - ends - For further information: B.P. Marsh & Partners Plc www.bpmarsh.co.uk Brian Marsh OBE +44 (0)20 7730 2626 Redleaf Communications (PR to BP Marsh) Emma Kane/Tom Newman +44 (0)20 7822 0200 -ends- Notes to Editors: About B.P. Marsh & Partners Plc BP Marsh's current portfolio contains nine companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk. Over the past 16 years, 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 four 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. Managing Director, Natasha Dunbar, has over 10 years' experience in the financial services industry. Having joined the Company in 1994 she was made managing director in March 2002. Natasha is responsible for the day to day running of all operational aspects of the business and works closely with Brian Marsh in defining the strategic development of the Company. Francis de Zulueta is the Company's Development Director. With a wide-ranging knowledge of the financial services market, he seeks out, researches and evaluates potential new investments for BP Marsh. Following a 23-year broking career with Willis Faber and Aon, among others, he took an active interest in the mergers, acquisitions and venture capital business of Marsh McLennan. Jonathan Newman is the Group Director of Finance and has 9 years' experience in the financial services industry. Jonathan advises investee companies through several non-executive board appointments and evaluates new investment opportunities. About JMD Specialist Insurance Services Group Limited JMD Specialist Insurance Services Group Limited has grown to become a major provider of leading-edge services to the insurance industry. Its unique approach to measurable cash flow and profit enhancements adds value to Lloyd's syndicates, UK and international insurers and reinsurers. With first-hand experience of the London insurance market, an extensive network of contacts and its bespoke insurance software i2blade, JMD is able to work with clients to achieve their objectives without compromising their essential market relationships. For more information visit www.jmd-sis.com This information is provided by RNS The company news service from the London Stock Exchange
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