Markerstudy promises to meet deadline as multi-million loan payment looms
Company must pay more than £108.6m to Qatar Re on 1 December and owes more than £240m in total.
Markerstudy Insurance Services (MIS) will meet its first loan repayment deadline on 1 December, Insurance Age can reveal.
A spokesperson for parent company Markerstudy Group told Insurance Age: “We will repay on time”.
MIS currently owes £217.3m, plus interest, to Qatar Re after the backer chose not to reinvest in the business. The total figure is expected to exceed £240m once interest is accounted for.
Half of the debt (£108.6m), plus interest, is due for repayment on 1 December and the
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