B.P. Marsh backs Sodalis Capital

B.P. Marsh & Partners has taken a 26.67% stake in Sodalis Capital , a newly formed insurance intermediary focused on underwriting and wholesale broking. The firm invested £5.3 million to support Sodalis’ launch, early acquisitions, and working capital needs.

 plans to grow through a buy-and-build strategy, targeting specialist underwriting and broking groups across Europe, the UK, and parts of the Middle and Far East.

Alliant Insurance Services  is also taking an equal 26.67% stake. Alliant, which generates more than $5 billion in annual brokerage revenue, is expected to bring distribution reach and sector expertise.

Sodalis is led by founder and CEO Colin Thompson, who is also investing and taking a 26.67% stake. Dan Topping, B.P. Marsh’s CIO, will join the Sodalis board.