Markerstudy Retail drops Premium Credit for Close Brothers in five year deal
Close Brothers to provide premium finance services to the broker.
Markerstudy Retail has signed up Close Brothers Premium Finance (CBPF) as its new provider of insurance premium finance when its existing contract ends.
A spokeswoman for Markerstudy told Insurance Age that the broker currently has a five year contract with Premium Credit, which is coming to an end.
The broker detailed that the new deal will see CBPF help Markerstudy’s Retail division customers spread the cost of insurance through premium finance.
Markerstudy Retail is is the broking arm of Markerstudy Group, which recently merged its insurance service companies together into one MGA called Markerstudy Insurance Services Ltd (MISL).
Relationship
Ross Barrington, managing director of Markerstudy Retail and Affinity, said: “As a group we have an historic relationship with Close Brothers and are very happy to have reached an arrangement with them, which will ultimately benefit our customers.
“We have ambitious plans for growth and this partnership will help facilitate our long-term goals.”
Sharon Bishop, CEO of CBPF, said: “We’re really pleased to have been appointed by Markerstudy Retail and to be able to support them as they expand their current market position.”
For all the latest industry news direct to your inbox, sign up for our daily newsletter.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
End of Year Review 2025: Corin Underwriting’s Andy Hurrell
Corin Underwriting CEO Andy Hurrell outlines the view a softening market rewards discipline; raises an eyebrow about the number of MGAs doubling down on scale over specialism; and advises rather than reacting to the crowd, back your underwriting judgement.
End of Year Review 2025: Gambit Insurance Solutions’ Ajay Mistry
Founder and director of Gambit Insurance Solutions and co-Chair of iCAN Ajay Mistry believes small brokers need to be more assertive in the soft market and predicts at least one insurer will launch a product in which over 80% of the commercial underwriting workflow is transparently AI-driven.
Ex-Jensten duo to launch SME MGA with Mission
Managing General Agent incubator Mission has announced that it has reached an agreement to support a new team in launching Kovrilo, a UK MGA that will provide a range of commercial insurance products tailored to SME clients.
Tuplin exits Everywhen
Richard Tuplin, CEO of general insurance broking at Everywhen, is leaving Ardonagh, Insurance Age can reveal.
Bain’s Jensten buy completes
Global private investment firm Bain Capital has completed the purchase of Jensten Group from private equity house Livingbridge.
Start-up broker Pelican’s MD praises ‘transformative’ Aviva support programme
Chris Braniff, managing director of Pelican Insured, has made changes to all of the broker’s processes following taking part in Aviva’s Future Leaders Programme.
End of Year Review 2025: Uinsure Group’s Martin Schultheiss
Martin Schultheiss, Uinsure group managing director, wishes the last 12 months had seen a more stable economic landscape and predicts embedded insurance will be the norm rather than the exception by the end of 2026.
People Moves: 1 – 5 December 2025
Keep up to date with the latest personnel moves in insurance.