Daily Insurance Industry News
 
 
Daily Insurance Industry News
Sunday 25th of February 2018
June 9, 2011

Markerstudy expands with Blagrove acquisition

by Gill Montia

Story link: Markerstudy expands with Blagrove acquisition

Markerstudy has acquired Blagrove Insurance Brokers of Carterton in Oxfordshire.

The fleet insurance specialist with GWP of £4 million was established in 2004, and for Markerstudy, the acquisition endorses its strategy of developing a commercial portfolio.

The insurer’s group chief executive, Kevin Spencer, comments: “We believe that the broker market offers tremendous opportunity and we will continue to grow the retail arm of our business.”

He adds: “The commercial motor market shows signs of hardening rates, providing us with even greater impetus.”

In March, Markerstudy acquired the “Auto Windscreens” brand and the liquidated firm’s head office building in Chesterfield, saying that it intends to provide a premier service that will attract fleet and personal customers.

 

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