Markerstudy Group said it would carry the risk of Service Underwriting Management, a high risk motor underwriter which was created in a management buy out of Service Policies at Lloyds.
Markerstudy Group said it would carry the risk of Service Underwriting Management, a High Risk Motor underwriter which was created in a management buy out of Service Policies at Lloyds.
Service Policies had been owned by Greenwich Insurance.
Sidcup-based Markerstudy will carry the risk, previously at Lloyd's, through its insurer arm, Markerstudy Insurance.
Markerstudy, which also assisted with the management buy out, said the move was integral to its further expansion.
Group managing director Kevin Spencer said: "After looking at a number of possibilities from Lloyd's we identified Service as one we wanted. We were particularly impressed by the set up and calibre of the underwriting and there is no doubt that Service will fit in well with our overall plans."
Service Underwriting Management specialises in segmented High Risk Motor underwriting. Working with a supporting broker panel of 95, Service grew its net premium from under £15m in 2000 to over £25m in 2001.
Markerstudy Group includes companies who make up a unique mix of wholesale broker, underwriting agency, insurer and regulatory and systems specialists.
