Markerstudy confirms 750 job cuts after Atlanta buy
Markerstudy has confirmed that around 750 jobs will be cut following the £1.2bn acquisition of Ardonagh’s personal lines business.
Announced in September 2023, the deal created a business that transacts £3bn of gross written premium annually employing 7300 people. Markerstudy paid £820m for the arm known as Atlanta Group with Ardonagh keeping a 23% stake in the new combined entity.
Speaking about potential job losses at the time of the deal Markerstudy group CEO Kevin Spencer, pictured, told Insurance Age: “This is going to give us the opportunity to bring in some really good people, they are a great company and have some
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