Markerstudy buys BGL Insurance
The transaction is expected to complete during the first half of 2022 and follows hot on the heels of Markerstudy's deal for Lloyd's broker Clegg Gifford.
Markerstudy has bought BGL Insurance (BGLi) from BGL Group, subject to regulatory approval.
BGL confirmed in September last year that it had appointed Fenchurch Advisory Partners to handle a review of strategic options for BGL Insurance.
Kevin Spencer, group chief executive officer of Markerstudy, commented: “As a leading distributor in the market, taking ownership of BGLi provides us with a unique opportunity to further accelerate and increase our growth potential.
“We have enjoyed a long
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