CF team act on acquisition of Ultimate Insurance
asb law has recently advised Markerstudy on its acquisition of Gibraltar-based Ultimate Insurance Company and Ultimate Pet Partners Limited, the UK administrative arm of the business. The deal is expected to add in excess of £30m GWP and will present a number of exciting opportunities for Markerstudy.
Ultimate Insurance was established in 2009 and is a niche personal lines insurer offering specialist underwriting capability to the intermediary market. They are a fully fledged European Union insurer and work with brokers and direct insurers and have relationships with many of the UK’s top Personal Lines distributors.
asb law’s team for this deal was led by Rebecca Burford. Rebecca said “this was a particularly interesting deal that saw a number of complex challenges, all of which we managed to overcome. It was a pleasure to work with Chris Payne and the team at Markerstudy and we look forward to continuing to watch the Markerstudy group go from strength to strength in 2015.”
The Ultimate Insurance Company operation will be overseen by Gary Humphreys, Markerstudy Group Underwriting Director, whilst Ultimate Pet Partners Limited will join the Markerstudy retail division, headed by Managing Director, Russell Bence. Russell commented “With our existing credentials and enormous expertise in the pet arena, this acquisition will create one of the largest and most dynamic pet facilities.”
For more information about Markerstudy, visit www.markerstudygroup.com
For more details about asb law's corporate finance team, or to start a conversation on how we can help you please contact Russell Bell, Senior Partner, Corporate Finance.
Published: 2 Apr 2015