BP Marsh moves into Asia with ARB stake

Insurance venture capital firm BP Marsh has announced it has
acquired a 20 percent stake in Asia Reinsurance Brokers (ARB) for a
total consideration of 2.4mn Singaporean dollars ($1.8mn).
The move marks BP Marsh's first into an Asian company, and
takes its total portfolio to 15 investments.
Under the deal, BP Marsh can also increase its shareholding to
25 percent for an additional cash consideration of 500,000
Singaporean dollars. The consideration paid by the group will be
dependent on the...