Interesting results from Qatar Re including the fruits of the Markerstudy acquisition
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Performance of the Markerstudy companies bought by Qatar Re last year also revealed in QIC results
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The price paid by Qatar Re for Markerstudy’s Gibraltar-based underwriting businesses last year was around £104m. However, on completing the acquisition, the firm picked up around £68m in cash balances owned by the companies, making it a net spend of around £36m. The acquisition details were revealed in the annual 2018 results submitted by Qatar Re owner Qatar Insurance Company (QIC).
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