Markerstudy confirms loan deal with QIC

Deal

The organisation was due to pay back a £240m+ loan at the start of December but has reached an agreement to restructure it.

A deal between Qatar Insurance Company (QIC) and Markerstudy has been agreed ahead of a £240m+ loan repayment deadline on 1 December.

Markerstudy Insurance Services published a statement today (28 November) which read: “Markerstudy has confirmed that it is business as usual following confirmation of its continuing relationship with QIC, advising that the parties have reached agreement on restructuring the loan arrangements due 1 December. This is a long term solution providing security to

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ABI records 3% home premiums rise in Q1

Average home insurance premiums for buildings and contents cover rose by 3% to £375 in the first quarter of this year, pushing the year-on-year rise up to 19%, according to the Association of British Insurers.

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