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.
Category: Business Insurance News, Companies News, Insurance News
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