Pollen Street Capital and the Qatar Insurance Corporation (QIC) have invested £200m in insurance products company Markerstudy.
The existing founder team have also reinvested alongside the firms.
Markerstudy will use the investment for organic and acquisition-led expansion.
QIC acquired Markerstudy's insurance carriers in 2018 and has since built a personal lines platform with the company, while Pollen Street has been working with Markerstudy for more than a year. This deal is the third investment in the insurance sector for the firm and its second investment from Pollen Street IV. The fund was announced in September 2019 with a target of £600m and is still raising, according to Unquote Data.
Founded in 2001, Markerstudy is a motor insurance provider in the UK with more than 1.8 million policyholders. The company also acts as a managing general agent. Based in Sevenoaks and founded in 1996, the company generated revenues of £13m in 2019.
Pollen Street Capital – Michael England (partner).
Markerstudy – Kevin Spencer (group CEO).
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