Insight and Intelligence on the London & International Insurance Markets

25 February 2018

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Qatar Re confirms Markerstudy purchase

Bernard Goyder 3 January 2018

Qatar Re has confirmed plans to take over UK motor insurer Markerstudy, as reported yesterday by The Insurance Insider.

Gibraltar-domiciled Markerstudy writes around 5 percent of the UK motor insurance market, and brings in annual premiums of about £750mn ($1bn).

The deal follows months of speculation about the ownership of Markerstudy, whose reinsurance-heavy business model has come under pressure following a cut in the Ogden personal injury discount rate in March.

Both Qatar Re and parent company Qatar Insurance Company...

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