Markerstudy Group aims to acquire Hughes Insurance, subject to regulatory approvals. Hughes was established in 1977 and has more than 250 employees serving around 85,000 customers in the Northern Irish market. It focuses on lines including motor, home, van, travel and commercial.

Kevin Spencer, chief executive of Markerstudy Group, said: “Markerstudy and Hughes Insurance have traded together for many years and worked closely on numerous initiatives. We’re committed to the Northern Ireland market and are looking forward to welcoming their team and supporting their aspirations to deliver growth and innovation to enhance their customer offering.”

Bernie McHugh Sonner, acting CEO of Hughes Insurance, added: “Joining the Markerstudy Group marks a new and exciting chapter for Hughes Insurance and our valued customers. This acquisition will not only strengthen our capabilities but also enhance our ability to provide innovative, competitive and comprehensive insurance solutions.”