Markerstudy gain Group Optima

Markerstudy Group has purchased Birmingham based intermediary Group Optima (which includes Cabs 2000 and Cassidy Insurance Services. Following hot on the heels of the Insurance Factory, this is its sixth successive acquisition to date.

Group Optima will add a further £3.5m in premiums to the Markerstudy Group’s distribution arm, and will reportedly bring the Group’s GWP for distribution to £20m. Kevin Spencer, Group CEO, commented: “We are delighted to welcome on board the Optima Group and its previous owner Nigel Hendry. We maintain a strong belief in a robust and vibrant broker market and our latest acquisition endorses our strategy for development of the distribution channel."

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FCA warns on Tempcover clone

The Financial Conduct Authority has issued a warning of fraudsters trying to scam people by pretending to be short-term car insurance specialist broker Tempcover including on TikTok.

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