asb law advises on Markerstudy acquisition
Kent & Sussex-based asb law has advised insurance holdings underwriter Markerstudy on its recent acquisition of Lionheart Insurance. Based in Birmingham, this specialist insurance broker will add over 1,500 policy holders and more than £2m of premium to Markerstudy’s retail arm of the business.
The asb law team for this deal was led by Daniel Tozer, who said: “We always enjoy working with the team at Markerstudy. This was a great deal to be involved in, delivered in a relatively short timescale. The deal fits with Markerstudy’s strategy for growth and we look forward to playing a part in Markerstudy’s continued expansion”.
Russell Bence, Managing Director of Markerstudy retail, commented “Having had a relationship with Lionheart for many years on our insurer side, we are familiar with both their book of business and the leadership team. Predominantly motor trade and commercial business, it fits perfectly with our retail division strategy for growth, making it an attractive proposition”.
For more detail, please see the full Markerstudy Group press release.
Published: 7 Sep 2015