U.K. insurance group Markerstudy has merged its U.K.-based service companies to create a managing general agency called Markerstudy Insurance Services Limited, or MISL.
Markerstudy said the merger has created the U.K.'s largest managing general agency: a company which underwrites insurance products but passes the underwriting risk to an insurer or insurers. It said MISL deals with more than 1,000 brokers and serves more than 1.5 million policyholders.
The company added that it does not expect any changes to key personnel.
This latest move follows the sale of Markerstudy's Gibraltar-based insurance companies to Qatar Reinsurance Co. Ltd. in January 2018.
Markerstudy has formed MISL by merging U.K. companies Markerstudy Ltd., Zenith Insurance Management UK Ltd. and Zenith Marque Insurance Services Ltd.
