BP Marsh & Partners has published its results for the year ended 31 January 2014. The net asset value rose to 202p from 190p and the company declared an increased dividend for the year, and said it hoped to continue to pay a final dividend of at least 2.75p per share in the coming two years.
BP Marsh & Partners sold 80% of its shareholding in Hyperion Insurance Group for £29.2m in cash – this provided the bulk of the net asset value uplift – and, since the year end, has sold its stake in PDGI, raising a further £1m. New investments included upping its stake in LEBC and buying 19.7% of Sterling Insurance Pty and 30% of Walsingham Motor Insurance