Headquarters Address: Markerstudy House, 45 Westerham Road, Bessels Green, Sevenoaks, Kent TN13 2QB, UK
Size (employees): 3,500
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
Markerstudy Group owns brands that offer a wide range of insurance products and complementary products and services such as comprehensive claims management services, and windscreen repair.
Markerstudy Insurance Services Limited is part of Markerstudy Group. It offers standard and non-standard motor insurance products to suit various customer preferences and requirements, including young drivers, drivers with unusual occupations or accident records, owners of high-performance or high-value cars, kit cars, classic cars, motorhomes and Japanese imports, to name but a few.
As the UK’s largest MGA, Markerstudy Insurance Services Limited supports over 1,000 broker partners and in excess of 3m policyholders with a wide variety of insurance services.
In 2020, the group became the UK’s 6th largest motor insurance provider following the acquisition of Co-op Insurance’s underwriting business and commenced a 13-year partnership to provide home and motor insurance products under the Co-op brand.
Its Markerstudy Broking division includes Brightside Insurance, Supercover Insurance, The Insurance Factory, Insurance Choice, Lancaster Insurance, Gadget Cover and Insurance Shop.
Also under the group umbrella are Auto Windscreens, Vision Vehicle Solutions, Zenith Insurance, Geoffrey Insurance and VisionTrack.
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 around 3,500 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.