New Premium Credit CEO vows to be on the "front foot"
The new CEO of Premium Credit Andrew Doman has set his sights on rapid growth under its new parent company.
It was today announced that Premium Credit has been acquired by US private equity firm GTCR from Bank of America affiliate MBNA Europe in a £900m agreement.
The provider already provides premium finance to some 4,000 intermediaries, among them broker giants such as Willis, Aon and Towergate.
And Mr Doman - who assumes his new role today - expects brokers to benefit from the Premium Credit's entrepreneurial parent company.
Speaking to Insurance Age, he said: "Moving from a corporate ownership to
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 print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Covéa cuts losses but underwriting deficit grows
- In Depth: Managing cyber risk in an ever-changing security landscape
- JMG strikes its biggest deal of 2024 with BQI swoop