Clerical Medical's UK new business figures for the first quarter of this year are up by 63 per cent to £109.9m from £67.4m in annual equivalent premiums.
Worldwide new business was up by 62 per cent on the same period last year to £136.7m from £84.3m.
The rise in business covers all markets across life and investment, individual and group pensions and offshore products sold in the UK. Sales of group pensions were up by 117 per cent.
Clerical is launching a recruitment programme aimed at finding 220 staff for its UK servicing operation and is recruiting in Europe to support its growth plans. It is also introducing new working procedures which allow new business to be processed until 10pm.
Managing director John Edwards says: “We are finding new business markets to be very buoyant, both in the UK and Europe. Our growth is creating pressure in some areas of our customer service so we are investing heavily in our business in systems and people to sustain our ambitious growth plans.”