BHW Advise Correlation on Investment in Meridian Group Holdings Limited

BHW has advised insurance-focused family office, Correlation Holdings Limited, on its investment in Meridian Group Holdings Limited, a fast-evolving commercial lines specialty boutique broker and underwriting agency. The deal represents Correlation’s first move into the UK commercial insurance market.

Meridian was founded in 2002 as a maritime insurance broker and since then has expanded into two main businesses: Meridian Risk Solutions and Acies Management Holdings. Meridian Risk Solutions is a global boutique risk advisory business, providing insurance, reinsurance and claims brokering in the marine, property, casualty, specialty and delegated underwriting authority markets. Acies Management Holdings is a technology & data insight driven Managing General Underwriting platform which seeks to build a portfolio of speciality line Managing General Agents.

Correlation’s investment and wealth of experience will enable Meridian to further scale-up its operations while allowing the business to retain its entrepreneurial culture and better leverage its deep sector experience and networks.

The legal team at BHW was led by Managing Partner, Ed Nurse. Ed commented: “We are delighted to have assisted Correlation with their latest investment and their first in the UK commercial insurance market. Meridian is clearly an exciting, fast-evolving business and, having worked with the Correlation team for a number of years, I’m confident that this collaboration will bring significant benefits for both parties.”

Sean Steyn of Correlation said: “We greatly appreciate the diligence and professionalism of Ed and the BHW team throughout this process. Their advice and guidance were crucial in ensuring a successful investment and we’re now looking forward to the growth opportunities that our partnership with Meridian will bring.”