Markerstudy's Humphreys opens up on delayed Co-op deal
Group underwriting director Gary Humphreys discusses why the transaction took almost two years to complete, criticism from Unite the union, redundancies and future acquisition plans.
The delay in completing Co-op Insurance deal was down to the “complicated structure” of the transaction, according to Markerstudy’s group underwriting director Gary Humphreys.
Humphreys told Insurance Age that the £185m purchase, which was first announced in January 2019 and finally completed last week, had been a more in depth and complicated process than Markerstudy had ever dealt with before.
He added: “Doing the deal with the Co-op was fairly straight forward but because Markerstudy is an
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