Markerstudy buys Co-op underwriting in £185m deal
Businesses also sign 13 year agreement for motor and home insurance distribution.
Markerstudy has completed the long-touted deal for Co-op’s underwriting business and signed a 13 year agreement to distribute motor and home insurance products for a total of £185m.
Co-op’s plan to sell CIS General Insurance was first rumoured in August last year with Markerstudy tipped in November as the most likely buyer.
According to the Co-op it will now focus on providing “a broader range of insurance products” through Co-op Insurance Services.
The firm added that it will develop
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.
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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Pen inks £150m social housing capacity deal with SiriusPoint