B.P Marsh Makes Investment in Pantheon Specialty

The latest from B.P. Marsh for you;

B.P. Marsh & Partners Plc (AIM: BPM), the specialist private equity investor in early-stage financial services businesses, is pleased to announce that it has made a complementary investment in support of its investee company, Pantheon Specialty Group Limited (“Pantheon”). The investment supports Pantheon’s acquisition of a 25% equity stake in a Hong Kong-based start-up digital asset insurance broker, Fraction Brokers Asia Limited (“Fraction”). Pantheon will also receive a call option over an additional 35% of Fraction as part of the transaction, exercisable after 2029.

B.P. Marsh has committed a loan of £600,000 to Pantheon, of which £450,000 will be funded on completion, with a minimum interest rate of 6.5% per annum.

This initiative is designed to support Pantheon’s strategic growth ambitions and expansion into complementary markets. Pantheon had moved into the digital insurance market with the hire of Andrew Cooper as managing director, innovation and technology, having previously served as chief broking officer, future mobility and US Casualty at Aon.

Fraction is an insurance broking firm headquartered in Hong Kong, committed to safeguarding the dynamic and fast-paced world of digital assets. It specialises in designing innovative and tailored insurance solutions for the digital asset ecosystem, including cryptocurrencies, NFTs, blockchain infrastructure, and decentralized finance (DeFi) platforms.

Although still a newly emerging class of business, demand for digital asset insurance is growing quickly as more institutional players enter the sector and regulatory oversight increases. Fraction intends to capitalise on this by offering targeted coverage solutions. The founders, Dan Dibden and Onno Sterk, intend to build a book of business by leveraging their established networks across Asia’s markets. The initial focus will be on licensed digital asset firms in Asia, which are businesses approved by regulators to work with cryptocurrencies and other forms of digital assets.