Dubai International Financial Centre - EC3 Brokers

RNS Number : 8024S

B.P. Marsh & Partners PLC

13 July 2020

 

13 July 2020

B.P. Marsh & Partners Plc

("B.P. Marsh", "the Company" or "the Group")

Dubai International Financial Centre - EC3 Brokers

B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses, is pleased to announce that its Investee Company EC3 Brokers has won the Dubai International Financial Centre Group Health Insurance Master Policy Scheme. The Dubai International Financial Centre (DIFC) is the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region.

The scheme will provide participating companies of the DIFC with access to health insurance for their employees and dependants and specifically aims to support SMEs in gaining access to high-level health benefit plans while streamlining their costs to be more comprehensive and reasonable.

This scheme will be available to over 2,400 active registered firms in the DIFC who provide health insurance to their 25,609 professionals. It is the first scheme of this nature to be developed in Dubai's financial centre and in the region.

Commenting, the Group's Chief Investment Officer and Nominee Director on the Board of EC3 Brokers, Dan Topping, said "It's pleasing to see the quality of the team at EC3 Brokers being recognised by this appointment, whilst further developing their operations in Dubai, a key area of growth for them".

Danny Driscoll, CEO of EC3 Brokers, added: "This is another exciting venture and opportunity for EC3 Brokers. The new partnership with the DIFCA enables us to continue satisfying our clients' needs and expectations, while positioning EC3 Brokers as a consultant within the reinsurance industry."

EC3 Brokers Ltd is headquartered in London; its Dubai operation is licensed by the Dubai Financial Services Authority to conduct the regulated financial services of insurance intermediation and insurance management.

BP Marsh is a 20% shareholder in EC3 Brokers, an investment that was made in December 2017.

For further information:

B.P. Marsh & Partners Plc  www.bpmarsh.co.uk

Brian Marsh OBE  [phone]

Nominated Adviser & Broker Panmure Gordon

Atholl Tweedie / Charles Leigh-Pemberton / Ailsa MacMaster  [phone]

Financial PR & Investor Relations

Tavistock  [e-mail]

Simon Hudson / Tim Pearson  [phone]

Notes to Editors:

B.P. Marsh's current portfolio contains seventeen companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk.

Since formation over 25 years ago, the Company has assembled a management team with considerable experience both in the financial services sector and in managing private equity investments. Many of the directors have worked with each other in previous roles, and all have worked with each other for approaching ten years.

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