Markerstudy & Co-op confirm completion of £185m deal after two year wait
The transaction, which will boost Markerstudy's GWP by £500m, was first announced in January 2019 and has previously been criticised by Union Unite after it was revealed that it could result in 200 job losses.
Markerstudy Group has completed its purchase of the Co-op Insurance underwriting business (CISGIL).
The transaction has taken almost two years to complete and the managing general agent’s £185m deal for Co-op was first announced back in January 2019.
Markerstudy detailed that the purchase is the beginning of a 13-year partnership to provide home and motor insurance products under the Co-op brand.
Sister title Post revealed that the organisation had gained Prudential Regulation Authority
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