News

HBC expands its portfolio through the merger with Barg & Büttner GmbH & Co. KG. Through this strategic and operational partnership, both companies have the opportunity to combine their expertise and offer comprehensive and tailored insurance solutions in the market. Barg & Büttner, a traditional company founded in 1905 by Hamburg merchant Heinrich Barg, has...

Preservation Capital (“PCP”) are pleased to announce that Saltus – a PCP portfolio company – has welcomed London-based financial advisory firm Advies to become the latest partner to join the Saltus Partnership Programme. The Saltus Partnership Programme was launched earlier this year, to provide a wide range of flexible support and advice to independent financial...

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...