New financing and double-digit revenue gains set the stage for next expansion phase

Independent global specialty re/insurance broker McGill and Partners has reported financial results for the six months ending June 30, 2025, alongside the completion of a US$300 million credit facility.

The new financing, provided by Morgan Stanley, Permira, and Bridgepoint, is expected to support the firm’s next phase of growth and offer long-term lender support at conservative leverage levels.

The credit facility includes a senior facility, an acquisition facility aimed at investing in talent and technology – including artificial intelligence – and a revolving credit facility. Combined with existing funding from Warburg Pincus, the new structure is designed to provide McGill and Partners with greater flexibility and to align with its long-term financial objectives.

This refinancing follows the announcement that McGill and Partners was selected by Warburg Pincus for its first multi-asset continuation fund, which features companies identified for their growth potential. The fund’s portfolio consists of businesses that have demonstrated significant success.

For the first half of 2025, McGill and Partners reported organic revenue growth of more than 20% and a 79% increase in adjusted EBITDA compared to the same period last year. These results, according to the company, reflect its ongoing strategy to expand and strengthen its position in the market.

“I am immensely proud of what we have achieved in just six years," said chief executive officer Steve McGill (pictured above). "The business continues to deliver significant growth and we have reached a level of maturity that means we have more flexible and attractive financing options available to us to support our future ambitions.”

He added that the company’s global specialty focus, single profit and loss structure, integrated platform, and revenue growth distinguish it from others in the sector. McGill noted that these factors, together with the new financing, are expected to benefit both clients and employees as the business grows.

In addition to its financial developments, McGill and Partners has advanced its technology strategy by launching an artificial intelligence agent, becoming the first broker in the London market to implement Agentic AI technology through Salesforce’s Agentforce system.

McGill and Partners has also made key leadership changes, appointing Mike Reynolds as group chief financial officer. Reynolds, who previously served as group CEO at Oneglobal and held senior roles at JLT Re, ACE Europe, and Aon Benfield, brings nearly three decades of industry experience to the firm.