TAG Financial Institutions Group
  • Home
  • About Us
  • Services
  • Team
  • Transactions
  • News & Publications
  • Partnerships
  • Contact

News & Publications

TAG Financial Advises XPT Group on Equity Investment by BP Marsh

6/13/2017

 
BP Marsh & Partners (“BPM”), a London based and listed private equity investor specializing in financial services businesses, made an equity investment in XPT Group, LLC (“XPT”).  XPT is a New York-based specialty insurance distribution company led by an insurance industry veteran management team. 
The XPT team is led by former Marsh , Advisen and Swett & Crawford executive Thomas Ruggieri and Mark Smith, onetime president and CEO of Stewart Smith, the US wholesaler sold by Willis to Amwins in 2005. The XPT start-up team also includes Jeff Heath, the founder of the Heath Group which he sold to Hallmark Financial Services in 2008, and Mason Power, who was most recently COO and CMO at Swett & Crawford working with then CEO Ruggieri. He also worked at Advisen, the information and analysis firm founded by Ruggieri, who left Swett & Crawford after its acquisition by BB&T last year.

The business is set to come to the market with both an acquisition and organic growth strategy at a time of significant consolidation opportunities in the small-to-medium-sized wholesale and managing general agency (MGA) space.

TAG Financial Institutions Group, LLC (“TFIG”) advised on the organization of XPT and facilitated the transaction.


Comments are closed.

    Recent Posts

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    August 2022
    February 2022
    January 2022
    December 2021
    November 2021
    February 2021
    January 2021
    December 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    April 2020
    February 2020
    October 2019
    September 2019
    April 2019
    March 2019
    January 2019
    December 2018
    November 2018
    September 2018
    July 2018
    June 2018
    May 2018
    April 2018
    January 2018
    June 2017
    May 2017
    December 2016
    October 2016
    September 2016
    May 2016
    April 2016
    March 2016
    December 2015
    October 2015
    June 2015
    March 2015
    December 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    February 2014
    January 2014
    November 2013
    September 2013
    August 2013
    April 2013

    This section will not be visible in live published website. Below are your current settings:


    Current Number Of Columns are = 3

    Expand Posts Area = 1

    Gap/Space Between Posts = 30px

    Blog Post Style = simple

    Use of custom card colors instead of default colors =

    Blog Post Card Background Color = current color

    Blog Post Card Shadow Color = current color

    Blog Post Card Border Color = current color

    Publish the website and visit your blog page to see the results

Home
About Us
Services
Team
Transactions
News
Partnerships
Contact
Terms of Use
Picture
© Copyright 2022. All Rights Reserved.
  • Home
  • About Us
  • Services
  • Team
  • Transactions
  • News & Publications
  • Partnerships
  • Contact