premium finance
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.
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.
PremFina leaders tackle growth, profitability and regulation changes
As PremFina restructures for “the next stage of the journey”, chief product and revenue officer Laura Sweetman and chief strategy officer Danielle Medhurst share how it will partner with brokers en route to reaching profitability by the end of June next…
Sabre CEO promises sophisticated prices to brokers
Sabre Insurance Group CEO Geoff Carter has announced plans to offer brokers “even more sophisticated” pricing through a new platform, as he sets his sights on achieving £48m in profit by the end of 2025.
Experts respond to ‘much ado about nothing’ FCA premium finance review
“After weeks of speculation, the overall feeling is one of ‘much ado about nothing’ – especially if you’re a firm doing the right thing,” said Michael Sicsic, managing partner of Sicsic Advisory, on the Financial Conduct Authority’s premium finance…
No broker commission bans or compulsory 0% APRs on premium finance, says FCA
The Financial Conduct Authority has confirmed it is not going down the route of banning broker commission in premium finance and will not be forcing a 0% annual percentage rate or bringing in a single level market-wide cap.
Premium Credit open for business after Close Brothers broker and personal lines cuts
Premium Credit has confirmed it is “there to support any distribution partners”, following competitor Close Brothers pulling back on personal lines premium finance lending and exiting up to 120 broker relationships.
Close Brothers to cut broker relationships in personal lines pull back
Close Brothers has confirmed it will exit some broker relationships over the next year as it pivots away from personal lines premium finance to focus on commercial business.
PremFina restructures senior management
PremFina has made “significant” changes to its senior management roles to support its growth plans over the next two years.
Markerstudy confirms consumer lending plans
Markerstudy has created a specialist division, focusing on all premium finance activities across the group, and confirmed plans to launch lending products in both the commercial and retail finance space.
PremFina secures £350m facility as it reveals £1.9bn volume target
PremFina has agreed a £350m private securitisation facility with support from HSBC and Waterfall Asset Management to help its current and future growth strategy.