HBC expands market presence with the acquisition of the TPSH Group, and expands activities in Europe TPSH Group and its companies will become part of HBC in October 2023. HBC, founded in Hamburg in 2022, will thus strengthe its business locations in southern Germany and further expanding presence on the German market. Dr. Sebastian Friese,…
Preservation Capital Partners (“Preservation Capital”), a specialist investor in the asset-light financial services sector, today announces the closing of Preservation Capital Partners Strategic Opportunities Fund I (“the Fund”) at £150million. The continuation fund was raised during 2023 in the context of the reinvestment in BMS in September 2023, and it had substantial demand from a…
BMS Group, the independent specialist insurance and reinsurance broker, have acquired Canada-based insurance broker, Smith & Reid Insurance Brokers Ltd along with O’Neil Insurance. Led by president Jeff Smith and vice-president Dan Reid, the brokerage provides expertise in specialised lines of business, including construction, real estate portfolios, oil and petrol distribution and auto dealerships. The…
Preservation Capital (“PCP”) are pleased to announce that Saltus – a PCP portfolio company – has launched the Saltus Partnership Programme; a landmark new business unit that will partner with financial planning businesses to maximise their value, whether that is driving performance and growth or considering options for selling. The Saltus Partnership Programme will work…
BMS Re, the specialty reinsurance arm of the global broking group BMS, is delighted to announce the acquisition of Sao Paulo-based reinsurance broker, KNW Brokers Corretora de Resseguros Ltd (“KNW”). KNW is a Brazilian reinsurance broker with deep expertise in providing tailored reinsurance solutions to its clients on traditional and specialized segments such as, energy,…