Markerstudy Group has said it has completed the restructure of its commercial insurance division, Markerstudy Business. The team is targeting gross written premium of £200m under the leadership of chief executive officer Ross Barrington, whose appointment is subject to regulatory approval.

Markerstudy Business pulls all Markerstudy Group’s commercial insurance brands into a single business unit with its own leadership team. These include Swinton Business, Hughes, CVD, One Insurance Solution and London Market broker Clegg Gifford.

Kevin Spencer, group chief executive, said: “The primary focus of creating a separate business division with a dedicated executive team and board is to bring a focused service to our business customers, delivering the best possible outcomes for them.”

Barrington added: “Our key products are motor trade, taxi, non-standard van, courier and fleet, but we expect to launch a cyber product shortly; we are also developing an agriculture offer and refreshing our EL and PL propositions, working alongside a blue-chip insurer panel that includes Allianz, Axa, Intact, Tradex and Covea.”