Markerstudy launches new commercial arm targeting £200m GWP

Markerstudy has launched a new commercial insurance arm and appointed Ross Barrington as it chief executive.

Called Markerstudy Business, the division will bring a focused service to business customers, with it bringing Markerstudy’s commercial brands into one simplified structure.

Barrington, who previously served as managing director at Markestudy Broking, said the commercial arm is now fully “open for business”  after signing off on a strategy to grow the business to £200m gross written premium (GWP) during the next phase.

Barrington said: “All our commercial insurance brands, including Clegg Gifford, are now organised into one simplified structure and we have a clear mandate for profitable growth.

“Led by our hugely experienced team, we are creating a centre of excellence with the purpose of meeting the demands of our customers, sourcing great products, with simple routes to market and delivering good customer outcomes.”

Group chief executive Kevin Spencer added: “The primary focus of creating a separate business division with a dedicated executive team and board is to bring a focused service to our business customers, delivering the best possible outcomes for them.”

Organic growth

Organic growth is set to come through key brands such as Swinton Business, Hughes, CVD, One Insurance Solution and London market broker Clegg Gifford.

“Our immediate focus is on our core brands, building our relationships with our insurer partners and customers and giving our 400-strong team all the support they need to get our book to the £200m mark and beyond,” Barrington said.

“I’m really energised by the opportunity to lead Markerstudy Business. Biba will be our first event next week and I’m looking forward to building on our existing relationship network and forging new partnerships as we look to maximise growth potential and make Markerstudy Business a powerhouse division within Markerstudy Group and the industry.”