Markerstudy to buy Northern Ireland broker Hughes Insurance

Northern Ireland

Markerstudy Group has confirmed plans to buy Hughes Insurance, just a month after completing its deal with Atlanta.

Liberty Mutual Insurance bought Newtownards-headquartered Top 100 UK broker Hughes in 2014.

The insurer held on to Hughes in March 2023 when it struck a deal to sell its personal lines and small commercial operations in Western Europe to Generali for €2.3bn (£1.97bn).

The latest transaction, for an undisclosed sum, remains subject to regulatory approvals and customary conditions.

Established nearly 50 years ago, Hughes has more than 85,000 customers across the motor, home, van, travel and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Review of the Year 2024: Acrisure UK’s Mark McIlquham

Mark McIlquham, CEO of Acrisure UK, expresses disappointment at high-quality independent intermediaries selling to consolidators; still thinks a big insurer might snap up a broker; and reckons his children would take delight in watching him take part in a bushtucker trial on I’m a Celebrity ... Get Me Out of Here.

Newbie News: Podium Insurance Brokers

James Blair, CEO of Podium Insurance Brokers, tells Insurance Age how he started the business and how he aims to grow the specialist motorsport broker through word of mouth.

Review of the Year 2024: SSP’s Martyn Mathews

Martyn Mathews, MD of SSP Broker reflects on disappointing vote-winning rhetoric, renaming the NEC the Mathews Arena, and asks whether the FCA might roll back a little on some of the principles of Consumer Duty and Fair Value

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: