Premium Finance
FCA finds insurers and brokers wanting on premium finance advice
The Financial Conduct Authority has found insurers and brokers do not always provide customers with clear information about payment options for general insurance products.
Applied partners with Close Brothers on premium finance software integration
Software company Applied Systems has agreed a partnership with Close Brothers Premium Finance to integrate premium finance products into Applied’s management system TAM.
Premium Credit snapped up by Cinven for £462m
European private equity firm Cinven is to acquire UK finance provider Premium Credit for £462m.
Markerstudy partners with Premium Credit on retail deal
Markerstudy has appointed Premium Credit as its retail division premium finance partner.
Bishop assumes premium finance hotseat at Close Brothers
Close Brothers Premium Finance CEO Janet Wilson has been replaced by the chief operating officer of the firm’s banking division Sharon Bishop with immediate effect.
28% of consumers cutting back on insurance because of cost
Almost a third of Britons have cut back on their insurance purchasing because they could not afford it, according to figures from Close Brothers Premium Finance.
Cost of insurance sees cut backs on cover, finds research
More than a quarter of people have cut back on their insurance cover in the past 12 months because they could not afford it, according to research from Close Brothers Premium Finance.
Bexhill records 10% increase in lending
Premium finance provider Bexhill has reported a nearly 10% increase in lending on the same period last year.
Bexhill targets SME brokers with premium finance offering
Bexhill UK has launched a premium finance solution for small-medium sized insurance brokers.
FCA urged to probe premium finance arrangements after TCF accusations
Whistleblower says ‘nearly all’ big brokers are shortchanging their customers
Bexhill inks four brokers finance deals
Premium finance firm Bexhill has completed agreements with four brokers based in Bristol, East Anglia, London and Wales.
Your say: Give brokers greater autonomy
Regulation is a good thing, but it must be proportionate and appropriate.
Premium Credit CEO aims for 16% broker penetration in next 12 months
Premium Credit chief executive Andrew Doman has outlined his strategy to double broker penetration in 2013.
Biba renews Premium Credit finance deal
The British Insurance Brokers Association has extended its endorsement of premium finance scheme provider Premium Credit for a further three years.
Close to offer telematics premium finance
Close Premium Finance is to back AA Insurance's new telematics offering, AA Drivesafe, taking monthly direct debits for varying amounts depending on the insured's driving style.
Brightside increases premium finance capacity
Brightside has increased its premium finance capacity following an extension of its revolving line of credit with Clydesdale Bank.
Premium Credit appointed to UKGI
Premium Credit has been appointed as UKGI’s exclusive premium finance provider under its insurer sponsorship scheme.
Close Premium Finance selects new MD
Janet Wilson has been appointed managing director of Close Premium Finance.
Penny black's insurance week
If any of Penny's loyal readers were wondering what happened to former Royal Bank of Scotland Insurance boss Trevor Brittain then ponder no more.
Clydesdale backs Brightside in new deal
Clydesdale Bank Corporate and Structured Finance has completed a senior debt re-financing for AIM listed insurance broker, Brightside Group.
CBG to restate 2009 half year results due to premium finance issue
Broking group CBG this morning admitted it will have to restate the half year results for the six month period ended 30 June 2009.
Finsure MD steps down ahead of run-off
Royal Bank of Scotland’s Finsure Premium Finance has parted company with managing director Trevor Brittain ahead of its closure next year.
Brittain steps down as Finsure ceases writing business
Trevor Brittain has stepped down as managing director of Royal Bank of Scotland's premium finance business Finsure ahead of its closure.
Brightside delivers £4.7m post tax profit
Brightside Group revenue increased by 35% to £44.7m (2008: £33.2m) in 2010. EBITDA before exceptional items and share based payments expense increased by 26% to £9.7m (2008: £7.7m).