Premium Finance
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.
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.
Close Brothers premium finance drops 2%
Close Brothers has revealed a 2% fall in its premium finance book to £990.1m in its latest set of results.
PremFina gears for growth with investment in tens of millions
Investors have given the tech-led premium finance provider a cash injection in a move that sees it set to challenge Close Brothers and Premium Credit for a top three position in the UK.
Premium finance not affected by FCA relief measures, says Biba
Trade body said it lobbied the regulator to exclude premium finance arrangements as payment deferrals would have left many brokers at greater risk.
Lisa Powis joins PremFina advisory board
Powis, who sold broker Fresh Insurance in 2018, previously joined advisory board of tech firm Iotatech in November 2018.
Blog: Reverse mentoring – the experiment that got me thinking
Sharon Bishop, CEO at Close Brothers Premium Finance, discusses the lessons that leaders can learn from their staff.
#Insagepeople: 13 - 17 May 2019
Stay up to date with the latest people moves.
Mark Cliff appointed to PremFina’s Advisory Board
Cliff was formerly CEO of Brightside and has previously taken NED roles at Be Wiser and Evolution Claims Management.
New premium finance player targeting £75m growth over three years
Red Apple Finance aiming to “give control back to brokers”.
Providers prepare for FCA affordability rule changes hitting premium finance
Biba calls for level playing field with direct insurers.
Close Brothers praises brokers as it deals with nearly 17,000 Alpha cases
Premium finance firm says working in partnership has delivered better outcomes for customers.
Podcast: The top five stories of the week
Insurance Age's editor and reporter share their thoughts on Biba 2018 and a strong week for puns in headlines.
Brightside in multi-million pound six-year deal with Close Brothers Premium Finance
Deal expected to start at £60m annually but comes with room for growth.
Bexhill launches leasing service
The provider will now offer leasing arrangements to brokers and their clients.
How hidden charges sting the broker
Bexhill UK’s Alan Atkins argues that cheaper is not always better when it comes to premium finance.
Be Wiser signs £200m Close Brothers deal
Long-term contract renewal is set to deliver £200m worth of funded premiums across both personal and commercial lines.
Ryan Direct Group extends deal with Close Brothers
New agreement to run for three years.
Bexhill UK launches peer to peer lending platform
Orchard Lending Club focuses on the insurance premium finance market and matches brokers with people who want to lend money.
The Uber of premium finance
Insurance Age meets PremFina’s chairman, Bundeep Rangar, and learns more about how it works.