The Competition and Markets Authority has given the green light to the proposed merger between Markerstudy Group and Ardonagh’s personal lines broking business, Atlanta Group. The deal, announced in September 2023, will create an organisation controlling gross written premium of more than £3bn.

Kevin Spencer, chief executive of Markerstudy Group, said: “We welcome today’s decision, and I want to thank everyone who has been working so hard on this phase of the process.”

He added: “I said at the time we announced the proposed deal that combining Markerstudy and Atlanta would create a major new player in personal lines, bringing benefits to millions of customers and fulfilling our long term strategic ambitions. Today’s approval is an important step forward in bringing our vision to reality.”