QIC is also set to participate in the transaction, as Markerstudy says it plans to grow organically and through acquisitions.
The broking group says it has facilities of over £300m to support growth and acquisitions, as it looks to make more deals in the retail space and to grow its MGA arm, Dual.
The investment is set to “accelerate strategic M&A” for the broker as it is also confirmed that former backer, the Carlyle Group, has retained a minority stake in the business.
Brokered and direct customers will be offered access to five counselling sessions if they claim.
Canadian provider Intact and Danish insurer Tryg made a cash offer for RSA in November 2020.
More than 100 staff are set to move across as A-Plan is set to become Howden’s retail flagship.
Uinsure is seeking to grow broker distribution of home insurance products.
Former Endsleigh boss Jeff Brinley takes over after joining the motor specialist as CFO in November last year.
MGA confirms it is in discussions with Qatar Re after missing the deadline to pay back its near £200m loan, as it seeks fresh third party investment.
Survey shows that 43% of brokers used furlough scheme while 19% accessed other forms of government support when coronavirus pandemic hit.
KBIS was established in 1991 and specialises in horse, horsebox and trailer and equestrian business cover.
There is no place for ruthless self-interest in 2021 and businesses should learn from the coronavirus vaccine roll out that collaboration will be key over the next 12 months, says Charlotte Halkett.
The product, which the broker claims is the first of its kind in the UK, is underwritten by Ageas and uses specialist smartphone telematics technology to record how users drive.
Shareholders are set to vote on the deal, which would see the UK part of the business sold to Canadian provider Intact, in January.
The group issued a raft of denials and counter claims following Kingfisher accusations of misconduct, data breaches and misuse of the MyLicence platform.
Meckiffe replaced Jeff Brinley who recently joined Be Wiser as chief financial officer.
The five-year personal lines deal sees Zurich replace Lloyd's capacity.
The broker has also changed Peter Hubbard’s role from non-exec chairman to NED to enable him to work more closely with Mark Bower-Dyke on the business’s strategy.
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.
Research from Consumer Intelligence shows premium reductions are accelerating as the year draws to a close.
Mint is a retail and wholesale broker wit ha team of 18 staff.
Mark Richardson examines Intact's track record when it comes to integrating acquisitions and its approach to working with brokers.
Overall premiums remain flat after the provider continues to shrink its personal lines business, as Aviva also revises its expected impact from Covid-19 related claims to around £100m.
GoCo has been bought four years after its Esure de-merger.