London, 28th of March 2024 – Preservation Capital Partners, a leading Financial Services investment firm, is delighted to announce the successful close of PCP Fund II, securing €459 million in capital commitments. This achievement marks a significant milestone for the firm, representing a notable 30% increase from its predecessor fund, PCP Fund I, which raised €350…
HBC Group is continuing its successful M&A trajectory with the recent acquisition of crebita GmbH. The Cologne-based insurtech, which is also a member of InsurLab Germany, provides a digital platform with numerous USPs for credit insurance products in Germany and Austria. One of the key elements of HBC´s strategy is driving digital transformation with a…
BMS, the independent specialist insurance and reinsurance broker, has completed its majority stake acquisition of Berns Brett Masaood (BBM), a leading UAE insurance broker established in 2007 and headquartered in Abu Dhabi and Dubai. This is BMS’ first acquisition in the region and testifies to BMS’ ambitious growth plans. In 2023 alone, BMS successfully completed…
BMS Group, the high growth independent specialty insurance and reinsurance broker, announces that a definitive agreement has been entered into with Eurazeo for an additional investment in the business. Existing shareholders British Columbia Investment Management Corporation (BCI), Preservation Capital Partners (PCP), management and staff will continue to be invested in the business. In the period…
Award-winning adviser platform Parmenion is pleased to announce the appointment to its board of Chris Larkin as non-executive director. Larkin has over 25 years of experience in financial services transformation, having held senior roles at HBOS, Bank of Scotland and CBRE and founding his own business, Bigrock, in 2004, which specialises in organisational change and…