Managing general agent Purbeck Insurance Services has said demand for its personal guarantee insurance has grown by 18% in the past year and that its gross written premium for July this year was up by 58% on the same month last year. Purbeck said it had added three people to its team of fewer than 20 to meet demand.

Purbeck offers cover to SMEs in respect of personal guarantees signed to support business finance facilities, with policies backed by Markel.

Todd Davison (pictured), MD of Purbeck Insurance Services, said: “The addition of three talented team members marks another significant milestone in what has already been an incredibly productive year for Purbeck. In the past year we expanded into new offices, boosted our team to almost twenty and been shortlisted for two prestigious industry awards recognising our claims expertise.

“The hard work of our team along with the support of Markel, our capacity provider has enabled us to meet the rising demand for personal guarantee insurance, and in turn help drive growth for SME’s across the UK. We’re proving that MGAs with niche propositions can have a strong future in the UK insurance market.”