Bexhill UK Ltd, the insurance premium finance provider, has today announced that it has successfully signed up four new brokers. Bexhill offers a unique DIY premium finance facility which does not impose any minimum level of lending.
Based near Bristol, NSCB is an independent specialist insurance broker dealing only with construction trades
InsureLink is a specialist commercial and leisure insurance broker based in East Anglia
Bridgend based K J Herbert is focused on personal lines business
Penn Insure is a commercial broker specialising in haulage insurance with offices in Pontypool, Bristol and London
Nick Baines of NSCB comments: “The current lending environment has made it increasingly difficult for local community brokers to secure capital and the same is true when it comes to premium finance, particularly if you’re only looking for a relatively small facility. Bexhill UK was not only willing to listen to our specific needs but also offered us something new. We now have the facility we need to grow our business and offer clients, both big and small, flexible premium finance arrangements with the added bonus that we also own and run the facility ourselves and generate a valuable new income stream at the same time.”
Part of a global financial services group which has been operating within the premium funding market for over 20 years, Bexhill UK has introduced some much needed liquidity into the broker market, especially for SMEs. It now supports over 100 insurance brokers across the UK with its unique model which provides the finance and the supporting technology to enable brokers to run their own premium finance company without any need for complex training or additional overheads, whilst ensuring they remain in total control of the relationship with their clients.
Ravi Takhar, Director Bexhill UK, comments: “Brokers have had very little choice of funding provider, or at worst have not been able to access any funding at all due to market conditions. Small brokers especially are struggling to find alternative forms of premium funding options for clients and find the door shut by third party providers who sometimes will only offer terms for books of business over a certain size. Bexhill offers something different. We are focussed on offering brokers flexible funding options regardless of their size or appetite.”