Troutman Pepper advised Best Practices Medical Partners (BPMP), a medical liability insurance firm, in securing $40 million in funding from London-based finance group Kilter Finance. Read Kilter Finance’s press release about the investment.
This investment will help BPMP to increase the statutory surplus of its subsidiary, Applied Medico-Legal Solutions Risk Retention Group (AMS RRG), a physician risk retention group that provides medical liability insurance. The partnership also will accelerate the growth of BPMP’s medical professional liability insurance business and enable execution of other strategic initiatives.
The Troutman Pepper team advising BPMP was led by Deborah Enea and included Mike Crumbock, Kathryn Nordick, Tom Phelan, Eddie Hale, Theodore Edwards, and Kimberly Petrolo, among others.