Close Brothers Premium Finance (CBPF) and Coversure Insurance Services Ltd (Coversure), part of the Jensten Group, have agreed a long-term partnership. Coversure’s business is exclusive to CBPF and covers personal and commercial lines.
Coversure’s parent company, the Jensten Group, was subject to a management buyout by CEO Bob Darling, backed by Livingbridge private equity in May last year.
Sharon Bishop, CEO of CBPF, said: “Bob and his team are long term friends of CBPF, and we strongly supported the MBO last year. The business has gone from strength to strength since last May, and we are delighted to have played our small part in their success to date and look forward to continuing with that support in the future with this new agreement.”
Bob Darling, CEO of Jensten Group, said: “CBPF has provided our growing network of franchise holders with a unique offering and their clients with high quality service. Premium finance is a key driver in the client’s buying decision and an important risk mitigator for the brokers. Having access to a slick and flexible provider is key to the Coversure offering. CBPF’s stability and strong commitment to client service, broking in general, and Coversure in particular, made it an easy decision to renew our agreement.”
About Close Brothers Premium Finance
We work with 1,700 brokers across their 2,000+ offices, to help more than 2.4 million businesses and customers 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.