Insurance law firm Horwich Farrelly (HF) is set to advance its ambitious growth plans with a £12 million funding package from NatWest Group. The financial support will bolster HF’s efforts to increase turnover and build on its established reputation in the legal and insurance sectors.
In the last financial year, HF reported a turnover of £51 million. With over five decades of industry experience and a workforce of around 800 colleagues across 11 offices, the firm boasts a client base that includes 19 of the top 20 insurance companies.
Lifting the lid on the funding, HF chief executive and managing partner Ronan McCann (pictured centre), said: “NatWest’s expertise in the legal sector and their tailored financial solutions were instrumental in our decision to partner with them.
“With their support, we will be able to progress our growth trajectory while continuing to deliver exceptional service to our clients.”
Under McCann’s leadership, HF has undergone significant changes in recent years, including staff incentivisation and investment in innovation.
Earlier this year, the CEO told Insurance Business: “During last year, we made great headway, adding to our capability to serve the London Market across marine, aviation, property, international casualty and coverage, and a sector-led approach in sports and entertainment.
“We’ve added additional teams in our Glasgow office, we’ve opened a new office in Leeds, and we’ve continued to grow in Dublin and Northern Ireland. It’s been a great 12 months.”
Meanwhile, NatWest relationship manager Aldo Palazzo (pictured left), had this to say about the funding package: “What sets Horwich Farrelly apart is their commitment to investing in technology, innovation, and enhancing the customer experience.
“We are delighted to support the company’s growth ambitions and to provide the financial backing to fuel their expansion.”
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