Member Article

Refinance deal for Insurance broker funded by Royal Bank of Scotland

An insurance broker firm, Flint Insurance Group, has secured a refinance package from new banking partner Royal Bank of Scotland to support its day to day banking facilities and ambitious appetite to grow the business further through acquisition.

Brothers Darren and David Taylor acquired the regional general insurance broker firm in 2012 following an MBO. During this time they have transformed the business into a commercial insurance specialist, growing gross written premium by over 30%.

They employ 88 staff from their headquarters in Orpington and offices in Harrow and Chelmsford.

Integritas Financial Solutions was tasked with finding a bank who was willing to support Flint Insurance as they move to the next stage of their growth plans. Funding was progressed with Royal Bank of Scotland due to their competitively priced loan facilities.

Darren Taylor, Director of Flint Insurance Group, explains: “Flint Insurance is celebrating its 30th year of operating in London and the South East and we are proud to have built on this success story in recent years by specialising in commercial insurance and presenting substantial growth figures as a direct result.

“Integritas approached the whole market and introduced us to the three banks with the most interesting tenders. We chose to progress matters with Royal Bank of Scotland due to their competitive offering and willingness to drive our business forward.”

Harsh Patel, Senior Relationship Manager at Royal Bank of Scotland, added: “We are delighted to welcome Flint Insurance to the bank and feel excited about working with a strong management team who are looking to grow the business in this competitive industry.

“Darren and David have significantly built this business year on year since they have been at the helm by transferring and implementing their experienced skill set to this already established business.”

Martin White, Director of Integritas Financial Solutions, added: “Our involvement in this process was to find a suitable bank that met the ongoing needs for Flint Insurance and we are confident Royal Bank of Scotland will meet their present and future criteria. We wish them all the very best as they work in partnership to enhance the future of this business.”

This was posted in Bdaily's Members' News section by Caroline Marsden .