Markerstudy and Atlanta merger completed
Ardonagh has confirmed the completion of the Atlanta Group and Markerstudy merger.
The £1.2bn deal for Ardonagh’s personal lines offering was first touted in May 2023 and announced in September creating a business that transacts £3bn of gross written premium annually employing 7300 people.
Markerstudy has paid £820m for Atlanta with Ardonagh keeing a 23% stake in the new combined entity.
With the formidable talent and expertise of our colleagues focused toward this new chapter, we look forward to delivering innovative solutions and service for the eight million-plus customers
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 Insight
Biba renews member Renovation Plan scheme
The British Insurance Brokers’ Association has renewed its member scheme Renovation Plan, part of Howden, for properties undergoing renovation work.
Heatwave and drought – Swiss Re boss urges adaptation
“Insurance helps households and businesses recover, while pricing risk can inform decisions about where to invest. But it cannot make up for avoidable damage. This can only be achieved through reducing the risk itself through careful adaptation.”
Biba heads to new HQ
The British Insurance Broker’s Association is moving to new offices staying within the Square Mile of the City of London, Insurance Age can reveal.
Pen doubles capacity in renewed property owners’ deal
Pen Underwriting has increased its property owner risks capacity, enabling the managing general agent to write £120m in premium over the next three years.
QuestGates makes second purchase in two months
QuestGates has bought Richard Hartley Partnership, a specialist claims provider focused on complex losses in the power and construction sectors, just weeks after snapping up Manchester-based Howell Wild.
Bspoke adds Cadle and Biggs in broker facing roles
Bspoke Group has appointed Jim Cadle as head of distribution and Ryan Biggs as business development manager, to support growth across its commercial and delegated authority divisions.
Amiga broadens financial lines offering
Amiga Specialty has launched a pension trustee liability run-off and overlooked beneficiary insurance offering, further expanding its specialist financial lines appetite.
Essex regional review: Local knowledge stands out
Being so close to London, brokers in Essex benefit from the resources of the capital city while also providing local knowledge to customers.