Markerstudy Retail and Close Brothers Premium Finance announce new premium finance deal


Ross Barrington, Managing Director of Markerstudy Retail and Affinity.

Markerstudy Retail, part of Markerstudy Group – one of the UK’s largest groups of insurance brands – have announced their decision to sign up Close Brothers Premium Finance (CBPF) as their provider of insurance premium finance when their existing premium finance contract ends.

 

Click here for the coverage in the Insurance Times, and click here for the story in Insurance Age. 

The deal is a new long-term agreement, and will see CBPF, the UK’s longest-established provider of premium finance, help Markerstudy’s Retail Division customers spread the cost of insurance through premium finance.

Ross Barrington, Managing Director of Markerstudy Retail and Affinity, said: “As a Group we have an historic relationship with Close Brothers and are very happy to have reached an arrangement with them, which will ultimately benefit our customers. We have ambitious plans for growth and this partnership will help facilitate our long-term goals.” 

Sharon Bishop, CEO of Close Brothers Premium Finance.

Sharon Bishop, CEO of CBPF, said: “We’re really pleased to have been appointed by Markerstudy Retail and to be able to support them as they expand their current market position.”

 

About Close Brothers Premium Finance 

CBPF works with over 2,000 brokers, helping more than 2.5 million businesses and customers across the UK and Ireland spread the cost of their insurance premiums. 

A pioneer in the field of premium finance, in 1977 CBPF was the first company to offer finance for insurance premiums. More than 40 years on we continue to deliver award-winning support through our strategic drivers of service, expertise and relationships. 

  

About Markerstudy Group

 

Markerstudy Group of Companies (MSG) is a dynamic privately-owned UK organisation headquartered in Bessels Green, near Sevenoaks, with over 3,000 employees. Established in 2001, it has been listed in the Best Companies to Work For in the UK in the Sunday Times Best Companies Awards for five consecutive years, and was a Top 5 company in 2017 in the Best Big Companies category. 

In 2018 it developed Markerstudy Insurance Services Ltd, the largest managing general agent (MGA) in the UK, which supports over 1,000 broker partners and more than 1.5 million policyholders.   

In addition to the MGA, the group includes the Markerstudy Retail and Affinity division which operates the following brands: Insurance Factory, Supercover Insurance Ltd, Reis, Mobilers, Equesure, Insurance Choice, Distinct Private Clients, Distinct Business Insurance, Insurance Shop, Lancaster Insurance Services, Sureterm Direct, Masterquote, Gadget Cover, Motorhome Protect and Taxi Insurer – along with Purely Pets, Paws & Claws, Go Get It, Pet Wise, UIS Pet and BDML Connect Limited, one of the UK’s largest affinity based insurance intermediaries for pet insurance. 

The Group also includes Auto Windscreens, VisionTrack and Vision Vehicle Solutions Limited, as well as Markerstudy Direct Limited, operating brands Geoffrey Insurance Services and Zenith Direct.