BP Marsh takes stake in US broker Mark Edward Partners

London-listed private equity firm BP Marsh has acquired a 30
percent minority stake in Mark Edward Partners, a US insurance
broker.
BP Marsh has also given the broker access to a $2mn credit
facility to fund future growth.
The intermediary has licences to operate in all 50 US states,
with offices New York, Palm Beach and Los Angeles.
The broker places financial and liability, property and
casualty, personal lines, life, cyber and affinity cover.
BP Marsh said in a stock...