Markerstudy Group completes sale of MISL to Saturn to support strategic focus and future growth

Markerstudy Group has sold Markerstudy Insurance Services Limited (MISL) to Saturn Holdings PLC (Saturn), parent company of Tradex Insurance Company PLC (Tradex).

This transaction represents an important step in Markerstudy’s strategy to sharpen its focus on its Retail operation, enabling the Group to accelerate investment in customer experience, digital capability and sustainable, long-term growth.

For customers, the transaction provides continuity of service, with both organisations able to invest more directly in their respective areas of expertise. This increased focus will support enhanced service delivery, product development and operational performance over time.

Kevin Spencer, Group Chief Executive of Markerstudy, said:

“This is a positive and forward-looking step for Markerstudy. By sharpening our focus on our core strengths, we are better positioned to invest in the areas that matter most to our customers and partners.

We are confident that this transaction creates the right structure for future success, with clear accountability, strong leadership and a continued commitment to delivering excellent customer outcomes.”

The transaction enables Markerstudy to further simplify its operating model and concentrate its efforts on core Retail activities, strengthening its ability to innovate and scale in a competitive market.

Mark Summerfield, CEO of Saturn, said:

“We are pleased to acquire this business and look forward to building on its strong foundations. Our focus will be on delivering a clear and effective operating model, supported by strong leadership and continued investment in capability.

We are committed to ensuring a smooth transition for colleagues, while positioning the business for long-term growth.”

Saturn will be responsible for the future operating model, leadership structure and service delivery associated with the transferring business.

Subject to regulatory approval, Gary Humphreys is appointed to Chief Commercial Officer of the transferring business.

Both organisations are committed to working closely together to ensure a seamless transition, with a continued focus on maintaining service continuity for customers and partners.