Premium financiers call for calm over market instability

Premium finance providers have moved to reassure brokers that their market is stable and not exposed to the turmoil that has been plaguing the financial markets. The credit crunch has seen institutions such as Lehman Brothers, Bear Stearns, Merrill Lynch and Halifax Bank of Scotland (HBOS) either collapse or become the subject of a fire sale, which has led brokers to question the immediate stability of their finance providers.

Premium finance firms are reliant on the liquidity of the markets to l

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