{"id":67,"date":"2012-06-28T09:55:03","date_gmt":"2012-06-28T09:55:03","guid":{"rendered":"http:\/\/www.thebizsense.com\/uk\/?p=67"},"modified":"2012-06-28T10:00:01","modified_gmt":"2012-06-28T10:00:01","slug":"rkh-group-receives-funding","status":"publish","type":"post","link":"https:\/\/www.thebizsense.com\/uk\/news\/rkh-group-receives-funding","title":{"rendered":"RKH Group receives funding"},"content":{"rendered":"<div id=\"attachment_68\" style=\"width: 541px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/www.thebizsense.com\/uk\/files\/2012\/06\/rkh.png\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-68\" class=\" wp-image-68 \" title=\"RK Harrison Group receives funding\" src=\"http:\/\/www.thebizsense.com\/uk\/files\/2012\/06\/rkh.png\" alt=\"RK Harrison Group receives funding\" width=\"531\" height=\"225\" srcset=\"https:\/\/www.thebizsense.com\/uk\/files\/2012\/06\/rkh.png 590w, https:\/\/www.thebizsense.com\/uk\/files\/2012\/06\/rkh-300x127.png 300w\" sizes=\"(max-width: 531px) 100vw, 531px\" \/><\/a><p id=\"caption-attachment-68\" class=\"wp-caption-text\">RK Harrison Group receives funding<\/p><\/div>\n<p>RK Harrison Group Ltd (RKH), a leading London-based, independent insurance broker, recently secured a new \u00a330 million refinancing deal with Clydesdale Bank and RBS.<\/p>\n<p>The new revolving credit facility is a club deal with Clydesdale Bank and RBS both holding 50% of the funding and replaces RKH\u2019s existing \u00a323 million debt facility.<\/p>\n<p>RKH employs around 560 staff at 12 offices in 8 locations worldwide and has a turnover of approximately \u00a380 million.<\/p>\n<p>The firm specialises in providing tailored solutions to businesses, insurance brokers, trade associations and private individuals operating across four broking subsidiaries \u2013 RK Harrison Insurance Brokers, RK Harrison Insurance Services, RKH Financial Risks and Bowood Insurance Brokers in addition to Aqueduct Underwriting Management, their MGA vehicle.<\/p>\n<p>Established in 1882, RKH was incorporated in 1998 via a management buyout from Hiscox Harrison Ltd.<\/p>\n<p>The company has enjoyed strong growth in recent years via a series of acquisitions.<\/p>\n<p>The Clydesdale Bank Corporate and Structured Finance team was led by Paul Hambrook, a Director in the Corporate Banking team in London. He said:<\/p>\n<p>\u201cRKH has positioned itself as one of London\u2019s foremost insurance brokers via a carefully targeted strategy of ongoing acquisition.<\/p>\n<p>\u201cThe quality and breadth of the services the firm offers to the market across its four divisions have been instrumental in enhancing their reputation in the sector and we are pleased to be able to support them as they continue to realise their ambitions for the business.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RK Harrison Group Ltd (RKH), a leading London-based, independent insurance broker, recently secured a new \u00a330 million refinancing deal with Clydesdale Bank and RBS. The new revolving credit facility is a club deal with Clydesdale Bank and RBS both holding 50% of the funding and replaces RKH\u2019s existing \u00a323 million debt facility. RKH employs around [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":68,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[9,52,1],"tags":[29,55,196,20,53,54],"class_list":["post-67","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-insurance","category-news","tag-29","tag-funding","tag-insurance","tag-london","tag-rk-harrison-group","tag-uk"],"_links":{"self":[{"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/posts\/67","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/comments?post=67"}],"version-history":[{"count":3,"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/posts\/67\/revisions"}],"predecessor-version":[{"id":70,"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/posts\/67\/revisions\/70"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/media\/68"}],"wp:attachment":[{"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/media?parent=67"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/categories?post=67"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/tags?post=67"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}