UK General Insurance refinances with Clydesdale Bank
Leeds-based insurer says deal will help it take advantage of growth opportunities.
UK General Insurance has signed a refinancing deal with Clydesdale Bank for an undisclosed sum.
Group chief executive, Peter Hubbard, said the deal signified that the insurer is in a strong financial position and that it would help it to take advantage of growth potential in its rural, commercial and schemes divisions.
Hubbard said: "We have delivered 21% growth in our Ebitda during the last financial year, and are a strong investment proposition, especially in schemes, where we believe we have
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