Markerstudy and Atlanta merger approved

Markerstudy Group  has announced the approval of its merger with Atlanta, the personal lines broking business of The Ardonagh Group, by the FCA on May 31, following CMA clearance on March 26, 2024.

The merged company, called Markerstudy, will offer various insurance products like home and motor insurance to millions of customers and employ around 7,000 people in the UK. The business will handle over £3 billion in annual Gross Written Premium (GWP) and is supported by Pollen Street Capital.

Kevin Spencer, CEO of Markerstudy, expressed pride in this milestone, highlighting the exciting opportunities ahead as they integrate and welcome over 2,000 new colleagues from Atlanta. The focus will be on integration and leveraging the combined strengths to enhance customer offerings and drive growth.

A party related to Ardonagh will retain a significant minority equity stake in the new entity.