Announced
Completed
Financials
Tags
Majority
United Kingdom
Friendly
health care
Full Line Insurance
life insurance
van insurance
Acquisition
Single Bidder
Life Insurance
Private
Completed
Domestic
Synopsis
Markerstudy, an insurance company, completed the acquisition of the underwriting business of Co-op, a one of the world’s largest consumer co-operatives with interests across food, funerals, insurance, legal services and an online electrical store for £185m ($239m). “From the outset we’ve been very clear that we intend to enhance our insurance offer for Co-op members and this agreement provides the means for us to do this in an effective way. Markerstudy have shown a clear willingness to partner with us, and to develop a compelling range of products which will increase our insurance footprint and extend our Co-op difference," Pippa Wicks, Co-op Deputy CEO.
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