One of the leading insurance service providers in the UK to acquire Northern Ireland's Hughes Insurance
With the brokers’ strong presence in Northern Ireland, the move is a sign of Markerstudy’s commitment to the region
One of the leading insurance service providers in the UK, Markerstudy Group has announced plans to acquire Belfast-based Hughes Insurance, subject to regulatory approvals and customary conditions.
With the brokers’ strong presence in Northern Ireland, the move is a sign of Markerstudy’s commitment to the region.
Established nearly 50 years ago, Hughes Insurance looks over 85,000 customers across the motor, home, van, travel and commercial insurance sector and is set to join the Markerstudy Distribution division.
Kevin Spencer, Markerstudy Group chief executive, said: “Markerstudy and Hughes Insurance have traded together for many years and worked closely on numerous initiatives. We’re committed to the Northern Ireland market and are looking forward to welcoming their team and supporting their aspirations to deliver growth and innovation to enhance their customer offering.
Comment from Bernie McHugh Sonner, Hughes Insurance Acting CEO, added: “Joining the Markerstudy Group marks a new and exciting chapter for Hughes Insurance and our valued customers.
"This acquisition will not only strengthen our capabilities but also enhance our ability to provide innovative, competitive and comprehensive insurance solutions. I look forward to the future with confidence and enthusiasm, knowing that this collaboration will drive growth and innovation for Hughes Insurance.”
Established in 2001, Markerstudy Group is already protecting in excess of eight million customers with a comprehensive range of insurance products and services.
It is also an accredited Investor in People - Gold, with more than 7,000 employees in the UK.
Atlanta Insurance merged with Markerstudy Distribution in June 2024, and this division provides motor, home, SME and pet insurance products in partnership with several of the best-known brands in UK financial services and retail, and through own brands including Swinton, Carole Nash, Marmalade, Budget, Lancaster and Purely Pets to name a few.