Markerstudy finalises £185m purchase of Co-op Insurance underwriting operations

Markerstudy Group has completed its long-running acquisition of the Co-op Insurance underwriting business and signed up to a 13-year partnership to provide home and motor products under the Co-op brand.

Kevin Spencer, group CEO of Markerstudy said: “This is our biggest acquisition to date and provides us with an unparalleled opportunity for growth. The 13-year agreement gives us access to the Co-op’s 4.6 million active members who will benefit from our investment in technology, underwriting expertise and sophisticated product development.”

Charles Offord, managing director of Co-op Insurance Services Limited, said: “We’re pleased that this sale has now completed and our 13-year partnership with Markerstudy to create and sell compelling insurance products can now commence.”

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