Qatar Re reveals Markerstudy deal cost

money

Qatar Reinsurance, which is a subsidiary of Qatar Insurance Company, bought Markerstudy for £107.8m, according to its financial results for the full year 2018.

But as part of the deal it also picked up £70.0m in cash assets from Markerstudy, which means the deal actually cost Qatar Re around £37.8m.

The business signed an agreement to buy Markerstudy’s Gibraltar-based insurance companies – Markerstudy Insurance, Zenith Insurance, St Julians Insurance and Ultimate Insurance - in January 2018.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: