Markerstudy promises to meet deadline as multi-million loan payment looms

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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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