Headquarters Address: Markerstudy House, 45 Westerham Road, Bessels Green, Sevenoaks, Kent TN13 2QB, UK
GWP: £2bn
Size (employees): 5,000
Global Locations: UK
Underwriting Expertise: Standard and non standard Private car, commercial vehicle, SME, motorcycle, fleet, taxi, home and pet insurance
Key People: Group Chairman: Benny Higgins, Group CEO: Kevin Spencer, Group Chief Underwriting Officer: Gary Humphreys, Group CFO: Keith Barber
About Markerstudy
Established in 2001, Markerstudy Group includes the UK’s largest MGA - Markerstudy Insurance Services Limited (MISL), which supports over 1,000 broker partners and protects in excess of six million policyholders with a comprehensive range of products, from standard screen-rated to the very niche and hard to place manually underwritten risk.
MISL is authorised and regulated by the FCA, providing a full range of claims and administration services to a large number of intermediaries in the UK.
By harnessing expertise from within and fluidly adapting to the changing market, Markerstudy Group is implementing cutting edge data science and technology to drive change, all the while supported by its robust reputation and innovation credentials.
Markerstudy Group is an accredited Investor in People - Gold, with more than 5,000 employees.
In 2020, Markerstudy Group acquired Co-op Insurance’s underwriting business and commenced a 13-year partnership to provide home and motor insurance products under the Co-op brand.
In 2021 it acquired BGL Insurance, a leading distributor of insurance to 3 million customers, and Lloyd’s broker, Clegg Gifford.
Other sectors within the group include the Markerstudy Broking division, which comprises a number of brands including Brightside Insurance and Insurance Factory – one of the UK’s largest pet insurance platforms – and complementary businesses Auto Windscreens, VisionTrack and Vision Vehicle Solutions.
History of Markerstudy
Markerstudy Group was founded in 2001 to provide motor insurance in the UK. Over the years, the company has extended its products and services in various markets – including travel and pets. It now has 5,000 employees and works with over 1,000 brokers and intermediaries in the UK.
The group has grown organically and through acquisitions, including Co-op Insurance underwriting business and Brightside Group in 2020 and 2021 respectively.
In 2021 the group announced an agreement for a £200m investment led by Pollen Street Capital, which is being used to deliver an ambitious and sustainable growth programme and build on its rapid development.
Leadership at Markerstudy
Kevin Spencer – Group CEO
Spencer is the founder, group chief executive officer, and major shareholder of Markerstudy Group.
Spencer started his career with a small provincial broker, became an agency consultant, and then served as the managing director of Lloyd’s broker Edgar Hamilton and Wellard before establishing Markerstudy in 2001 to underwrite motor contracts in the UK.
Culture at Markerstudy
Markerstudy and its employees are committed to giving back to communities through the group’s corporate social responsibility (CSR) initiatives.
Markerstudy’s clear vision, “V10” values, and “Motiv8” committee prioritise the wellbeing of employees, provide positive employment opportunities, support employees in charity fundraising activities, apply fairness and integrity in customer service, promote safe driving, and use environmentally friendly practices to reduce the group’s carbon footprint.
More than 10 planned in the coming months
Key hire to lead capital raising and M&A
60 employees produced over 10,000 items in a single day
The UK insurance distribution landscape is changing…
"There's a lot of change in the broker market at the moment," he says
