BP Marsh to take stake in new marine broker Lilley Plummer

Financial investment company BP Marsh has said that it will take a 30% stake in newly-formed specialist marine broker Lilley Plummer Risks through a mixture of redeemable and non-redeemable preference shares. The funding will be used to fund growth of the business within its specialist sector, including the hiring of new staff.

The founders of Lilley Plummer – Stuart Lilley and Dan Plummer – have more than two decades of experience in the London and international marine market They previously held senior roles in Howden Insurance Brokers Ltd and a number of other brokers.