Brokers puzzled as Markerstudy reports £217.3m loan deadline
Insurance Age gauged the mood of the broker market and found strong support for Markerstudy's future prospects.
Brokers have reacted with confusion to Markerstudy’s annual report which showed it was seeking funds to repay a £200m+ loan.
The report for Markerstudy Insurance Services (MISL) showed that £217.3m of its debt was owed to Qatar Re, which bought the Gibraltarian parts of the business in 2016. Total interest due on the loan is forecast to be £24.4m.
Half of the debt, plus interest, must be paid by 1 December this year, with the remainder to be settled by the end of March 2020. The rescheduled
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