Peter Thompson steps down from Markerstudy Group following BGLi integration

BGL Insurance

Markerstudy Group has undertaken a strategic review following the acquisition of BGL Insurance (BGLi) in 2022. As a result, Peter Thompson is stepping down from the position of Chief Executive Officer at BGLi and leaving the business on 28th February. The decision was reached mutually. Kevin Spencer, Markerstudy Group CEO, will assume this role in the interim, supported by the existing Executive team.

Kevin Spencer said, “I would like to thank Peter for the vital role he has played in building BGLi into such a successful business, and for his valuable support during the process of integrating it into the broader group. He goes with our very best wishes for the future.

Peter Thompson said: “I am immensely proud of the part I have played in building such a strong and successful business. After 15 years at BGLi, I have decided to move on, but I am pleased to be leaving it in such good hands.” He added: “I’m confident Markerstudy will be excellent custodians for BGLi as it embarks on the next stage of its journey.”

Looking ahead, Kevin Spencer said: “I am hugely excited by the opportunity for Markerstudy. It’s not just business as usual, but business better than usual.”

“Key to our future growth plans is our IT infrastructure, where we are investing heavily to build a pre-eminent position in insurance distribution and complementary services. A number of exciting initiatives will be coming on stream during 2023 to provide market-leading end-to-end solutions to our customers and further build our market presence.”

He added: “Additionally we have a continued appetite for acquisitions where they align to our strategic intent.”

“The market is continuing to consolidate and I am optimistic that Markerstudy will be a major player in the process during the next phase.”

Written by Charlie North