An investor group led by Jonathan Marland, the Conservative Party treasurer and former Jardine Lloyd Thompson Group director, is to acquire Lloyd's investment fund manager Insurance Capital Partners (ICP).
As well as funding the acquisition of the management company, the group will be investing in ICP itself, significantly increasing its available capital.
In 2006, ICP (together with a co-investor) deployed sufficient capital to support £75m in premiums. It is expected that the equivalent figure for 2007 will be at least £100m.
Jonathan Marland, said: “This vehicle provides an opportunity for investors to participate in a managed portfolio of insurance investments.”
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