Lloyd's broker reveals "aggressive" growth plans following £1.4m investment
Lloyd’s broker NCG Professional Risks has unveiled plans to expand its UK retail business and explore acquisition opportunities following the announcement that it will receive a £1.4m investment, subject to regulatory approval.
Venture capital provider BP Marsh & Partners has acquired a 30% equity stake in NCG Professional Risks’ holding company, US Risk (UK) Limited. This investment brings BP Marsh together as partners with US Risk Insurance Group Inc, the ultimate parent company of NCG.
Randall Goss, chairman of US Risk, said that NCG primarily focused on professional indemnity in the UK but that it would look to extend into other commercial lines including property, motor and other general liability and casualty
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