B P Marsh & Partners : Investee Co. Update - Nexus Underwriting Mgt Ltd

11 September 2019

B.P. Marsh & Partners Plc

('B.P. Marsh', 'the Company' or 'the Group')

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 [phone]

Nominated Adviser & Broker

Panmure Gordon

Atholl Tweedie / Erik Anderson / Ailsa Macmaster [phone]

Notes to Editors:

B.P. Marsh's current portfolio contains nineteen companies. More detailed descriptions of the portfolio can be found atwww.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.

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