Markerstudy and QIC agree loan deal

Markerstudy Group of Companies has announced an agreement had been reached with Qatar Insurance Company on the restructuring of loan arrangements, ahead of a deadline on 1st December.

The group, headquartered in Sevenoaks, Kent, stated: “Markerstudy has confirmed that it is business as usual following confirmation of its continuing relationship with QIC. This is a long-term solution providing security to customers and suppliers.”

No further information was disclosed.

Markerstudy Group's chief executive officer, Kevin Spencer said: “We enjoy a close alliance with our business partner, QIC, and we have worked together collaboratively and fruitfully for many years.

“QIC has demonstrated their continuing support of Markerstudy, which is testament to the stability of our partnership,” he added. “With the expertise of Markerstudy Group and strength of QIC’s balance sheet, we have one of the foremost insurance sector unions.”

Multi-line reinsurer, Qatar Reinsurance Company, part of Qatar Insurance Company, acquired four of the British group’s companies in Gibraltar in January 2018: Markerstudy Insurance, Zenith Insurance, St Julians Insurance and Ultimate Insurance.

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