Premium Credit
No change to Premium Credit disclosure arrangements
Premium Credit is not asking distribution partners to make any changes to existing customer journeys after reviewing the implications of a legal ruling for commission disclosure in motor finance.
People Moves: 21 – 25 October 2024
Stay in the loop with the latest personnel moves in insurance.
Premium finance review welcomed as EY warns of ‘heightened regulatory scrutiny’
Industry practitioners have broadly welcomed the Financial Conduct Authority launching a review into premium finance.
Former Premium Credit bosses resurrect ‘tifco’ brand for new venture
The Insurance Finance Consultants (tifco) has formally launched today with the aim of supporting all firms, including brokers, that offer insurance premium finance.
RSA expects new business “clunkiness” to ease from July as it continues NIG integration
RSA expects any “clunkiness” in how it handles brokers seeking quotes from both itself and merger partner NIG for the same business to improve materially from next month.
Giles Offen joins Premium Credit as chief product and technology officer
Giles Offen has been named chief product and technology officer at Premium Credit, where he will oversee digital product design, platform management and provision of insights.
People Moves: 18 – 22 December
Stay in the loop with the latest insurance personnel moves.
Premium finance lenders ready to support brokers hit by BNP Paribas pullout
The leaders of broker-facing premium finance providers have reassured they can move quickly to help brokers affected by BNP Paribas Personal Finance’s decision to exit in 2024.
People Moves: 26 – 30 June 2023
Stay in the loop with the latest insurance personnel moves.
Axa brokers to get customer boost with Premium Credit digital system
Axa Commercial has partnered with Premium Credit to offer customers a digitally enhanced payment by instalments system, Insurance Age can reveal.
Premium Credit rolls out service to help brokers win over FCA on fair value
Premium Credit has rolled out a benchmarking report service that can help brokers with their fair value assessments, remaining compliant at a time of intense regulatory focus on premium finance and the credit sector.
People Moves: 15 – 19 May 2023
Keep up-to-date with the latest insurance personnel moves.
Premium Credit makes 54.7% profit margin in ‘strong’ 2022 results
Premium Credit CEO Tara Waite said the firm had a ‘strong’ set of results after it continued to expand even further on its profit margins.
Nearly half of SMEs expect 2023 revenue rise – Premium Credit
New research by Premium Credit revealed that nearly five times more SMEs expect their businesses to grow than shrink in the year ahead.
Brokers face ‘fair value’ dilemma on premium finance amid interest rate rises
Brokers are faced with a dilemma as interest rates rise. The Financial Conduct Authority’s demand for them to offer ‘fair value’ products is at the forefront of their minds when they decide how to deal with the customer. Saxon East reports.
Premium Credit offering non-recourse solution for partners – Mark Coffey
Premium Credit has a non-recourse borderaux solution that remains available for interested partners, says personal lines and e-trade director Mark Coffey.
People Moves: 20 – 24 February 2023
Follow the latest insurance personnel moves.
News analysis: What next for brokers amid FCA premium finance crackdown?
The Financial Conduct Authority’s premium finance crackdown threatens a significant revenue earner for brokers. Big players with strong balance sheets are making moves
People Moves: 28 November - 2 December 2022
Stay updated with the latest personnel moves in insurance.
Market Moves – October 2022
The latest recruitment news from around the industry.
Mark Coffey named personal lines and e-trade director at Premium Credit
Former RSA leader and director at Ardonagh-owned Atlanta, Mark Coffey, has joined Premium Credit as personal lines and e-trade director.
Somerset Bridge moves to Premium Credit
Broker Somerset Bridge has selected Premium Credit as its new, insurance premium finance provider in a multi-year deal.
Premium Credit bought by Towerbrook Capital Partners
TowerBrook Capital Partners, a London and New York-based international investment firm, has agreed to buy Premium Credit from Cinven.
Das UK team raises £45,000 for dementia research
The ten person team of insurance professionals took on the Ride Across Britain challenge earlier this month.