Broker News

The prosperous retail division of Markerstudy is undergoing a refocus, following the resignation of Managing Director, Russell Bence, who leaves the company on 30th April after 7 years.

The division, which employs nearly 700 staff, will be restructured into four distinct units, with the incumbent Operations Directors promoted to the positions of Divisional Heads, reporting to Martyn Holman, Group Commercial Director.

Ross Barrington, who transferred to Markerstudy in November 2013 when the group acquired the BDML Connect business from Capita, will head up Insurer relations, and brands Insurance Factory, Insurance Shop and BDML.

Having also transferred from Capita ownership, Richard Morley will continue his responsibility for the classic car insurance brand Lancaster, which won a hat trick of awards last year for its customer-centric marketing strategy.

Amanda Kerry-Wallington will continue as figurehead of the highly successful specialist insurance broker and claims administrator, Supercover, which was acquired by the group in 2014.

And Neil Muldoon, who joined the group in 2015 when it acquired personal lines insurer The Policy Shop, secures the top position for brands Insurance Choice and The Policy Shop.

Martyn Holman commented “This is a hugely exciting opportunity for the new Divisional Heads to grow their sectors with greater autonomy. Promoting from within is our preference, ensuring we lose nothing of the specialist brand knowledge and experience gained over many years. I have every confidence in Ross, Richard, Amanda and Neil to drive their brands forward. We of course thank Russell for the part he has played in growing the retail division by 70% during his tenure, and we wish him every success in his next role.