Close Brothers premium finance drops 2%

e-trading

Close Brothers has revealed a 2% fall in its premium finance book to £990.1m in its latest set of results.

The business had also reported a 4% drop in its previous full year results.

The decline for the six months to 31 January meant Close Brothers slipped below the £1bn threshold having been at £1.01bn at the end of July.

According to the company, volumes and credit performance “remained solid”, and the latest fall in part reflected “first-half seasonality”.

In premium finance, we continue to focus on our digital, data and insight capabilities, with our Foresight model helping to support

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

JMG buys Madoc & Rhodes

JM Glendinning Insurance Brokers has purchased Birmingham-based Madoc & Rhodes, adding to its growing portfolio.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: