Never say never – that’s what
Markerstudy feels about the possibility of being bought out. It is currently being advised by Mirabaud Group on how to raise capital.
Gary Humphreys, underwriting director at Markerstudy, told Reuters that while the insurer declined a recent offer from an unnamed private equity firm, it is not closing its doors to a potential buyer.
“We are not looking to exit the business at all but you can never say never, if someone makes a fantastic offer,” said Humphreys. He also revealed Markerstudy is raising capital – possibly as much as £100 million – to pursue acquisition opportunities.
Humphreys at the same time cited the likelihood of consolidation among smaller general insurers who find the new solvency capital rules costly.
Markerstudy will soon outline its capital strategy.
Gary Humphreys
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