Markerstudy aims for £100m GWP with acquisition

Keyboard buy and sell keys

Markerstudy Group has acquired Leamington Spa-based broker and call centre Insurance Choice.

Markerstudy claimed that the purchase would boost its gross written premium by £35m, while 100 extra staff will also join the business.

Kevin Spencer, group CEO, commented: "We extend a warm welcome to the employees of Insurance Choice.

“This latest move reaffirms our belief in the broker channel, provides numerous economies of scale and gets us very close to £100m GWP for our retail division.”

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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