Kilter Finance has invested $40m into Best Practices Medical Partners (BPMP).
With BPMP being the holding company for Applied Medico-Legal Solutions Risk Retention Group (AMS RRG) and affiliated subsidiaries, the funding will be used to support the latter in its underwriting growth and ongoing strategic initiatives.
BMS Capital Advisory, the investment banking arm of BMS Re, acted as the exclusive advisor to BPMP.
Richard Welch, CEO of BPMP, said: “Led by BMS Capital Advisory and with the collective institutional knowledge and market experience possessed by BMS Group professionals, we were successful in attracting investment from an excellent source of capital in Kilter Finance.”
He added: “Leveraging 20 years of proven leadership in the professional liability market, our company has partnered with a specialist in the insurance and asset management sectors, and we look forward to continue our mission of providing high value medical liability insurance and enterprise risk management solutions to our current and future members.”
