The deal includes a funding commitment of up to US$2.1 million, encompassing a combination of equity and a loan facility.

Ai Marine, founded by marine insurance specialists Tom Fulford-Smith and Charles D’Alton, focuses on Marine Hull insurance and aspires to underwrite a global portfolio of business, with a primary focus on the UK & Europe, Middle East, and Asia-Pacific regions.

The partnership positions Ai Marine to establish itself as a market-leading, client-centric marine MGA under the active involvement of B.P. Marsh. As part of the transaction, Abi Benson, an Investment Director and Executive Director of B.P. Marsh & Company Ltd, will join Ai Marine as the nominee Non-Executive Director on its Board, demonstrating B.P. Marsh’s commitment to shaping Ai Marine’s strategic direction.

Ai Marine has a robust marketplace reputation

Ai Marine has secured A-rated capacity from multiple carriers and is known for its dedication to ensuring long-term profitability and sustainability for its insurer/reinsurer partners. Headquartered in London, with a distribution centre in Scandinavia, Ai Marine aims to provide risk solutions to a global portfolio of marine clients.

Fulford-Smith and D’Alton, led Latitude Brokers Limited for eight years, and bring strong networks within the global ship-owning and insurance broking communities, positioning Ai Marine for profitable growth.

Jonny Moss, an experienced Chief Underwriting Officer, joins Ai Marine from Norwegian Hull Club’s London office, contributing valuable expertise and further strengthening the company’s capabilities in the marine insurance sector.

Commenting on the deal, Dan Topping, Chief Investment Officer of B.P. Marsh & Partners, said: “We are very pleased to be making this investment in Ai Marine and are looking forward to working with Tom and Charles to enable Ai Marine to deliver substantial growth and robust results over the coming years.”