Markerstudy Group News

Markerstudy Completes Purchase of Ardonagh’s Personal Lines Broking Business

Markerstudy, the UK insurance group, has completed the purchase of the Ardonagh Group’s personal lines broking business, Atlanta Group, in a deal that was first announced in September 2023. While financial details of the transaction were not disclosed, the Atlanta …

Ares Management Provides £1 Billion of Loans for UK Insurance Merger

Ares Management Corp. is providing a direct-lending package of about £1 billion ($1.2 billion) to support the merger of two personal insurance businesses in the UK, according to people familiar with the matter. Ardonagh Group — a large borrower in …

Ardonagh Sells £1.2 Billion Insurance Unit to UK Insurer Markerstudy

The Ardonagh Group is selling its personal insurance business in a deal that will give Chief Executive Officer David Ross an £800 million ($1 billion) war chest for further acquisitions in specialist insurance broking. Ardonagh is selling its Atlanta Group …

S&P Revises Qatar Insurance Outlook on Financial Risks from $308M Markerstudy Loan

S&P Global Ratings said it revised its outlook on Qatar Insurance Co. S.A.Q. (QIC) to negative from stable, although it has affirmed the group’s “A” rating. When QIC acquired four of Markerstudy’s subsidiaries in 2018, it also purchased the parent-related …

Qatar Re Agrees to Buy Markerstudy’s Insurance Companies in Gibraltar

Qatar Reinsurance Co. Ltd. has signed an agreement to buy four Gibraltar-based insurers from Markerstudy Group. The companies are: Markerstudy Insurance Co. Ltd., Zenith Insurance PLC, St. Julians Insurance Co. Ltd. and Ultimate Insurance Co. Ltd. Financial details of the …