Markerstudy completed the acquisition of the insurance underwriting business of Co-op for £185m.

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.