Insurance Post

UK General completes Clydesdale-backed refinancing after handing more power to MDs

Peter Hubbard

Leeds-based insurer UK General has refinanced debts with Clydesdale Bank in a bid to better position the business for growth after handing more power to its schemes, rural and commercial managing directors.

The news comes two weeks after Clydesdale also agreed to refinance the debts of James Hallam and Touchstone Underwriting parent Seventeen Group.

UK General CEO Peter Hubbard, pictured, said the deal

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