Company detailsCode: MarkerstudyCompany name: MarkerstudyGroup name: Markerstudy GroupCompany country: United KingdomGroup home country: United KingdomSector: K - Financial and insurance activitiesSector detail: K65 - Insurance, reinsurance and pension funding, except compulsory social securitySub-sectors: K65.1 - Insurance Reshoring detailsReshoring announcement date: 05/07/2017Starting implementation date: July, 2017Reshored to: United KingdomLocation of affected unit(s): GibraltarReshored business function: FinancialPartial or Total reshoring: TotalReasons for reshoring: BrexitCase narrative: 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: Insurance Times 07 July 2017 MaltaToday 07July 2017 Sources link: http://www.insurancetimes.co.uk/markerstudy-reveals-next-steps-after-plu... http://www.maltatoday.com.mt/business/business_news/78735/brexit_may_see... Offshoring detailsOffshoring date: 2010Offshored from: United KingdomOffshoring location: MaltaOffshored business function: FinancialOffshoring governance mode: In house (in own facilities)Host country geographical area: Western Europe
