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Mark Roberts[/caption]
The Farmers' Union of Wales insurance arm, FUW Insurance Services, today announced it has become a member of Broker Network - the UK's leading network for independent commercial insurance brokers.
Aberystwyth-based FUW Insurance Services has 13 branch offices across Wales and employs 30 field staff and 12 at head office specialising in insurance cover for all forms of farming and rural trades.
It was recently confirmed as being the third largest insurance broker in Wales. The business has seen a 50 per cent increase in premium income since 2007 with 15 per cent of that income being added in 2011.
As a Broker Network member, FUW now has access to exclusive insurer products and markets plus support from central HR, Marketing, Compliance, IT and Finance teams.
FUW operations director Mark Roberts said today: “We have enjoyed significant growth in income over the past four years by increasing our market share and working closely with insurers to ensure profitable and flexible working relationships.
"In order to maintain these levels of growth, we have taken the decision to join Broker Network in order to gain access to additional markets and products.
"We have also been impressed by the provision of business services, such as marketing, which will help us reach out to new customers in a professional and creative manner.”
Broker Network and Countrywide managing director Nick Houghton said: “FUW is a classic example of a business wanting to make the very most out of their membership.
"With ambitions to increase market share and premium income, they will work closely with our central support teams to realise these goals. We look forward to playing a part in their continued success.”