Premium Finance
GRP acquires Flint; Volt partners with Laka; Premfina appoints chairman
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Jensten buys Ravenhall; Six leave Ed for Consilium; HF moves to Media City
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Premium finance bosses hail 'smooth' transition to latest guidance
The introduction of further guidance on premium finance by the Financial Conduct Authority including three month payment deferrals for customers hit by the economic impact of the coronavirus pandemic has gone well according to market players.
Regulator to require payment deferrals for insurance customers from Monday
The Financial Conduct authority has confirmed temporary measures aimed at helping insurance customers who find themselves in financial difficulty due to the coronavirus pandemic, including requiring payment deferrals.
Experts warn of potential broker insolvencies due to premium finance proposals
The British Insurance Brokers’ Association and premium finance providers have warned of a possible hit to broker solvency in the event of bad debts under the proposed guidance issued by the Financial Conduct Authority last week.
FCA consults on insurance payment deferral guidance
Insurers, brokers, premium finance lenders and more have been told by the Financial Conduct Authority to consider giving payment deferrals and refunds as well as waiving cancellation fees to customers hit financially by the coronavirus epidemic.
Analysis: Moving the premium finance roadblock for SMEs
The penetration of premium finance into the SME market has been stuck stubbornly in the 40% to 45% range for many years. Could that be about to change as slicker offerings from the main providers and new entrants hit the market just at a time when small…
Top 50 UK Brokers 2016: Creating the Top 50
Alan Leach explains the methodology behind the Top 50 UK Brokers and takes a look at the rankings in detail
Ryan Direct and Close Brothers extend contract
Ryan Direct Group and Close Brothers will enter an exclusive contract in the home SME and motor books for a further three years.
Bexhill UK launches peer-to-peer lending platform in premium finance market
The peer-to-peer lending trend has hit the premium finance market with Bexhill UK launching the Orchard Lending Club.
Bexhill launches broker-funded direct finance model
Premium finance provider Bexhill has launched the market's first broker-funded direct premium finance facility.
Role of PCWs highlighted as insurers hit back against premium finance criticism
The Financial Conduct Authority has been accused of failing to address consumer buying behaviour in the findings of its premium finance thematic review, which singled out insurers and brokers for criticism.
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.