premium finance
Bexhill report shines spotlight on broker ownership
Premium finance lender Bexhill UK has crunched the numbers on the broking sector, with CEO Ravi Takhar warning that truly independent owner-managed regional brokers are slowly becoming ‘a thing of the past’, Insurance Age can reveal.
FCA calls on insurance companies to “engage early and often”
There are no new market wide interventions needed to drive positive progress, according to Sarah Pritchard, deputy CEO at the Financial Conduct Authority, as she called on the industry to engage.
No price cap or zero interest order plans from FCA on premium finance
The Financial Conduct Authority has confirmed it will not introduce a price cap or order that premium finance is provided without interest, as it published its final report.
Blog: How the regulatory axe could fall in 2026
Isabella Macfarlane, head of London Markets at Insurance Compliance Services, explores how the Financial Conduct Authority may address its priorities in 2026.
More than a third of SMEs cut cover – Premium Credit
Around one in four SMEs are believed to have been underinsured for the past 12 months, according to research by Premium Credit.
Premium Credit adds three more brokers on back of Close pull out
Premium Credit has struck deals with Riviera Insurance, Principal Insurance, and Bedford Insurance Group after Close Brothers decided to pivot away from personal lines to commercial.
Premium Credit signs up another top 100 broker
Premium Credit has signed a three-year agreement to be One Sure’s exclusive provider of premium finance for personal lines.
End of Year Review 2025: Premium Credit’s Owen Thomas
Owen Thomas, chief sales officer at Premium Credit, applauds how Biba and the FCA have collaborated this year, suggests a top 5 commercial insurer might get snapped up in 2026 and predicts great things for Lee Mooney at Markel.
Government’s motor insurance taskforce report sparks ‘fudge’ and ‘credible job’ reactions
The government has published its Motor Insurance Taskforce Report, whose work has been both praised as a “credible job” and slammed as “rehash” and a “fudge”.
With Brewis and Mills gone, what can brokers expect from the FCA in 2026?
Compliance experts are hoping for a slowdown and simplification of rules from the Financial Conduct Authority throughout 2026 following Matt Brewis and Sheldon Mills exit from the regulator. Rosie Simms reports.
Covea outsources premium finance with Premium Credit deal
Covea has partnered with Premium Credit in a multi-year agreement, outsourcing its premium finance offering.
Premium Choice moves from Close Brothers to Premium Credit
Top 100 UK Broker Premium Choice has signed a multi-year deal with Premium Credit moving away from Close Brothers Premium Finance.
Clear picks Premium Credit
Clear Group has chosen Premium Credit as its principal premium finance partner signing a multi-year contract.
FCA issues warning of Close Brothers clone
The Financial Conduct Authority has issued a warning of fraudsters trying to scam people as a clone of Close Brothers.
Darling returns to premium finance with Keys move
Keys Premium Finance has appointed Bob Darling as non-executive director, marking his return to the sector having previously been a director at Close Brothers and managing director of Kaupthing Singer & Friedlander Premium Finance.
Bexhill’s Takhar on record results and the regulatory environment for premium finance
With a book of broker relationships at over 100 and growing Ravi Takhar, CEO of Bexhill UK, explains how the premium finance provider is pushing ahead after its record-breaking results and his hopes for the industry.
PremFina reveals 2024 losses
PremFina trimmed operating losses in 2024 from £6.4m to £4.2m with the business having previously forecast reaching profitability by the end of June next year.
Bexhill owner tops £120m in lending
Orchard Funding Group, owner of premium finance lender Bexhill UK, has posted a record lending total of £121.8m for the year ended 31 July 2025, with profit-after tax jumping to over £3m.
SSP enters operating profitability following sales growth and expense reduction
SSP has reported £5.05m in operating profit for the year ending 31 December 2024 putting it into the black from a £861,000 loss the year prior.
FOI: Almost 19,000 hours logged by FCA in premium finance review
The Financial Conduct Authority logged 18,864 man hours during its review into premium finance for motor and home insurance, with brokers making up 32 of the sample firms, a Freedom of Information request from Insurance Age has revealed.
Non-standard PL broker switches from Close Brothers to Premfina
Premfina has entered into a multiyear strategic premium finance partnership with personal lines broker One Answer Insurance, following Close Brothers' decision to pivot from personal lines.