BP Marsh backs SA reinsurance broker start-up

Niche AIM-listed venture capital provider BP Marsh &
Partners has subscribed for a 35 percent cumulative preferred
ordinary shareholding in Bastion Reinsurance Brokerage (PTY)
Limited, a start-up reinsurance broker based in South Africa, for a
total cash consideration of £100,000.
In addition to the equity investment, BP Marsh has agreed to
provide Bastion with loan funding of £212,000 on completion
and, subject to certain conditions, additional loan funding of up
to £130,000.