Rural reports GWP and profit rise

John Deere 8R Series Row Crop Tractor

Company targeting significant increase in current 5% market share.

Rural Insurance has recorded an 11% increase in gross written premium to £32m in the financial year ending 31 March 2014.

The company, part of the UK General Group, also reported a 5% improvement in Ebitda to £2m for the period.

The firm attributed to the increases to a raft of new appointments and "building new broker relationships on the back of sound products and propositions for the agricultural community".

Regional brokers
Ian Barclay, managing director at Rural, said: "Our specialist

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

Brokers upbeat on 2024 growth – Aviva

Brokers are more optimistic about growth in the coming year than they have been since before 2020, according to Aviva, with 83% expecting their business to grow compared to 76% last year.