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Unquote
  • Expansion

Pollen Street and QIC invest £200m in Markerstudy

  • Katharine Hidalgo
  • Katharine Hidalgo
  • 28 January 2021
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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.

Markerstudy

  • DEAL:

    Expansion

  • VALUE:

    £200m

  • LOCATION:

    Sevenoaks

  • SECTOR:

    Property & casualty insurance

  • FOUNDED:

    1996

  • TURNOVER:

    £13m (2019)

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.

Company
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.

People
Pollen Street Capital
– Michael England (partner).
Markerstudy
– Kevin Spencer (group CEO).

 

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