RL360° recorded an exceptional 24% growth in new business (PVNBP*) last year.

Year end results show ?451m was written across the life assurance company’s single and regular premium products.

There was 33% growth in single premium new business, with ?332m written in 2013, up from 2012’s ?250m.

And the figures show ?119m of new regular premium (“RP”) business was written during 2013, up from ?112m in 2012.

The largest share of RL360°’s RP business came from the Far East, followed by the Middle East.

The latter part of 2013 saw huge change for RL360° with a management-led buyout, backed by private equity firm Vitruvian Partners, going through in mid-November. The move saw Royal London 360° break away from the Royal London Group and re-brand as RL360°. It has allowed the company to expand into new markets in early 2014, such as Latin America.

Independent actuaries AKG eyed the buyout positively, referring to RL360° as “a financially strong standalone operation with very strong operational characteristics and positive development potential”. AKG also made reference to the fact that notable in the change in RL360°’s ownership has been the retention of existing senior management, led by Chief Executive David Kneeshaw, all of whom have significant experience within the operation.

Director of Marketing Natalie Hall said: “2013 was a fantastic year for RL360° on so many levels. It was pleasing to achieve excellent new business growth in all key regions during the year. Becoming a part-owner in the business in November was a privilege, and a move that has been supported and viewed really positively by our distributors and partners. The entire management team is excited about shaping our future plans, whilst making sure we maintain our focus on listening to customers and adapting our products and technology to enhance their overall experience of working with RL360°. It is crucial that what makes RL360° special stays intact.”

Photo - Marketing Director, Natalie Hall