This Tuesday (30th October 2018) BP Marsh & Partners PLC have acquired a further 1.9% stake in Nexus Underwriting Management Ltd; specifically, 1.9% for £2.5m in cash, bought from Hugh Morland, a non-executive director of Nexus.
Since the latest purchase, BP Marsh & Partners now have an aggregate shareholding of 18.5% of Nexus’ capital.
BP Marsh & Partners shares were trading up 0.7% on Tuesday 30th October at 276.98 pence each.
Daniel Topping, BP Marsh & Partners Chief Investment Officer says, “We are pleased to increase our shareholding in Nexus, as it continues on its exciting growth trajectory.”
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