Markerstudy buys Capita’s personal lines businesses
Provider takes on four businesses.
Markerstudy Group has bought Lancaster Insurance Services, Sureterm Direct, BDML Connect and Delta Underwriting from Capita for an undisclosed price.
The deal, subject to approval from the Financial Conduct Authority, adds approximately £100m of gross written premium to Markerstudy along with 685 staff across three locations.
Kevin Spencer, Group CEO, commented: "We're not known for resting on our laurels. This exciting opportunity presented itself, and we acted quickly and decisively."
In a
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