Markerstudy

Type
Reshoring
Country
United Kingdom
Reshoring from
Malta
Reshored business function
Financial
Region
South East (England); Berkshire, Buckinghamshire and Oxfordshire; Buckinghamshire
Location of affected unit(s)
Gibraltar
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
No information on job gains number available
Announcement Date
5 July 2017
Employment effect (start)
1 July 2017
Foreseen end date

Description

Markerstudy Group was established in 2001 and employs around 4,000 people. St Julians is a motor insurance company located in Malta,  which belongs to Markerstudy group and serves the United Kingdom market (where the group is headquartered). In order to protect the business and be able to continue trade with the UK after Brexit, Marketstudy has planned to relocate its operations of St Julian from Malta to Gibraltar (UK). "An application to re-domicile St Julians has been submitted to the Malta Financial Services Authority " Markerstudy said in a statement.    

Sources

Citation

Eurofound (2017), Markerstudy, Reshoring in United Kingdom, factsheet number 106, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106.