Sodalis Capital, founded and led by Colin Thompson as Chief Executive Officer (CEO) and backed by Alliant, an insurance intermediary, and BP Marsh & Partners PC, an AIM-listed specialist private equity investor, has officially launched this week.
The London-based business plans to build an international platform through a targeted buy-and-build strategy focusing predominantly on managing general agent (MGA) platforms.
The venture brings together long-standing investors, each with significant experience in supporting high-growth platforms. The firm also bands experienced insurance investors to build an international group focused on speciality underwriting and related platforms.
Thompson is the Founder and former Group CEO of Kentro Capital (formerly known as Nexus Underwriting).
As CEO of Sodalis Capital, he is supported by the Board, comprised of Sean McConlogue, President of Alliant Underwriting Solutions and Consumer Solutions; Bill Mecklenburg, Executive Vice President of Alliant Underwriting Solutions, Daniel Topping, Chief Investment Officer of BP Marsh & Partners PLC, and Ian Whistondale, who co-founded Nexus with Thompson in 2008. Further Board appointments are expected to follow in due course.
The announcement explains that there exists a consortium of other experienced insurance intermediary investors who make up the remainder of the investor panel, all of whom have invested alongside Thompson in the past, bringing renowned skill, expertise and specialism.
Thompson commented, “This is a hugely exciting business opportunity, bringing together seasoned insurance intermediary investors and practitioners who share a vision for long-term, sustainable growth. Our purpose is to build a market-leading international group that will attract the brightest entrepreneurial talent.
“We will be looking to acquire in the broad international insurance intermediary space and already have a rich pipeline of M&A opportunities in play, which we expect to start realising very quickly. Going forward, our plan is to build a truly meritocratic and entrepreneurial business that will create significant value for all our stakeholders.”
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