Rural Insurance post 11% rise in GWP to £42m

illustration of money plant growing from the soil

The provider has also secured a £1m refinancing package with Clydesdale Bank.

Rural Insurance's gross written premium (GWP) will have increased by 11.5% to just under £42m when its financial year finishes at the end of March according to managing director Ian Barclay.

He also said the insurer has agreed a £1m refinancing package with Clydesdale Bank to support its investment strategy as it seeks to become a £100m GWP business by 2020.

The director stressed Rural Insurance has continued to buck the trend with double digit growth for the fifth year running in a soft market

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: