Markerstudy sells insurance businesses to Qatar Re

Markerstudy has agreed to sell its Gibraltar-based insurance businesses to Qatar Insurance Company. Markerstudy, Zenith, St Julians and Ultimate Insurance will all join, seeing the transfer of annual premiums totaling approximately £750m. The transaction provides Qatar Reinsurance with a greater share of low volatility business as well as enabling it to write UK business under any post-Brexit scenario.

Leave a Reply

Your email address will not be published. Required fields are marked *