Insurance Post

Apollo-backed bid for Chaucer motor book stalls as Markerstudy revs up interest

Smug man moneybags

Markerstudy is in pole position to tie-up a deal for Chaucer’s UK motor business after a $300m (£203m) bid backed by private equity house Apollo stalled, Post understands.

It is believed hopes are fading that the Apollo deal, which is being fronted by former Giles CEO and latterly Arthur J Gallagher retail CEO Brendan McManus, will make it over the finish line.

Markerst

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