FUW Insurance Services joins Broker Network

FUW Insurance Services, the commercial insurance arm of the the Farmers’ Union of Wales, recently announced it will be joining an independent business insurance broker network of brokers.

FUW Insurance Services, based in Aberystwyth, has announced that it is now a member of Broker Network. The firm, with 13 branches throughout Wales and employing 12 head office staff and 30 in the field, specialises in providing business liability insurance for a range of rural and farming trades.

The third largest broker based in Wales, FUW Insurance Services has seen premium increases of 50 per cent over the past four years. 15 per cent of these increases occurred this year, the broker reported. As a new member of Broker Network, FUW has gained access to an exclusive range of markets and products as well as additional suport from the network’s Finance, IT, Compliance, Marketing, and Central HR teams.

Mark Roberts, operations director for the broker, remarked that FUW has enjoyed substantial income growth since 2009 by working in close concert with insurers and increasing its market share by specialising in flexible and profitable working relationships. FUW has made the decision to become a Broker Network member in order to both maintain these growth levels and to also gain wider access to additional products and markets, the operations director said.

FUW has also been particularly impressed by Broker Network’s marketing and other business service provisions, said Mr Roberts, as these will aid the broker to reach a wider customer base in a creative and professional manner. Nick Houghton, managing director for Countrwide and Broker Network, also commented on the news, remarking that FUW’s decision to join the network is typical of a firm with aspirations for growth in both premium income and market share. Broker Network’s central support teams will be working cloesly with FUW to help the broker to achieve these goals, added Mr Houghton.

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