Rubicon sets virtual target level

Insurance Age staff
01 Mar 2005

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The Rubicon Corporation has successfully completed its second stage financing and has secured the required level of funding to support the business's growth.

The additional investment was provided by shareholders in the company.

Mark Philips from Penta Capital Partners, Rubicon's principal backer, explained the business required capital primarily to support future growth with new and existing customers, and to alleviate the cost of regulation.

Rubicon's chief executive, Bradley Brandon-Cross

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