Close Brothers Premium Finance (CBPF), the UK’s longest-established provider of premium finance, and Brightside Group, a top-25 UK insurance broker, have announced their decision to extend their long-running relationship.
CBPF has been the exclusive provider of insurance premium finance for the customers of Brightside Group since 2013, having already worked with them for the last six years. The companies made the announcement today (16 May) at the annual conference of the British Insurance Brokers’ Association, BIBA.
Mark Cliff, Executive Chairman of Brightside Group, said: “We really value our relationship with Close Brothers Premium Finance. Their service and expertise adds real value to our business, and we are pleased to be signing up to this long-term deal with them.”
Mark said that the new agreement is part of a comprehensive service package for customers, following the Group’s increased investment in digital services. “We have re-engineered our business to deal with our customers on their terms, primarily via digital technology, and thanks to our renewed partnership with CBPF we can offer an outstanding finance package too.”
Sharon Bishop, CEO of CBPF, said: “We’ve worked successfully with Mark and his management team for a number of years, and we’re delighted to have extended our long-term relationship even further.”
About Close Brothers Premium Finance
CBPF works with over 2,000 brokers, helping more than 2.5 million businesses and customers across the UK and Ireland spread the cost of their insurance premiums.
A pioneer in the field of premium finance, in 1977 CBPF was the first company to offer finance for insurance premiums. More than 40 years on we continue to deliver award-winning support through our strategic drivers of service, expertise and relationships.
About Brightside Group
Championing the growth of our brokers, through improved efficiency and regulatory support is pivotal to our offering. Alongside significant investment in technology, we’ve enhanced our broker support and technical training teams. We were also the first in the market to invest in and develop a growth-specific sales training team. By having more broker-facing colleagues than any other provider, we are there with our brokers to help them achieve their goals.
Originally formed in 2001 as a specialist van insurer, the Brightside Group provides a wide range of personal and commercial products to customers through a number of dedicated brands. Broadening and diversifying our portfolio across markets, they achieve success through innovation, technology and pure hard work and dedication.
In 2017, Brightside was ranked #24 in Insurance Post’s Top 50 Brokers table, and their portfolio provides reach across both private and commercial insurance markets.