Markerstudy buys Co-op underwriting in £185m deal

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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

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