Ruggieri gets BP Marsh backing for start-up

A quartet of broking executives headed by former Swett &
Crawford CEO Tom Ruggieri have secured backing from BP Marsh for a
US start-up in the wholesale distribution space, The
Insurance Insider can reveal.
According to sources, the new venture will do business as XPT
Group.
Although details of the start-up's strategy are not known at
this stage, sources have suggested BP Marsh is one of a number of
outside investors lined up, with management also putting up
capital.
It...