2026 is shaping up nicely, as Premium Credit wins over new customers;
Premium Credit is continuing to attract significant volumes of personal lines premium finance business from UK insurance brokers as they move away from Close Brothers Premium Finance, underlining strong broker confidence in the market leader.
Following the initial influx of brokers switching to Premium Credit in Q4 2025, interest remains high, driven by a need for certainty, resilience, and long-term support in a changing premium finance landscape. The latest brokers transferring to Premium Credit include: Pizza Insurance Services, Special Risks Ltd, and Elite Insurance Services. These deals show Premium Credit’s ability to appeal to brokers of all sizes.
Brokers engaging with Premium Credit have highlighted the importance of working with a provider that combines scale with specialist expertise in personal lines, alongside the ability to manage complex transitions without disruption to customers or day-to-day operations. The strength of Premium Credit’s funding model, its proven technology platforms and its proactive communication approach have also been cited as key differentiators.
Premium Credit continues to invest heavily in its onboarding and implementation capabilities, expanding dedicated transition teams to ensure brokers experience a smooth and well-governed migration process. This includes tailored transition planning, system integration support and a strong focus on maintaining service continuity for policyholders during the change of premium finance provider.
Owen Thomas, Chief Sales Officer, Premium Credit, said: “We’ve seen sustained engagement from brokers who are carefully assessing their options and prioritising stability for the long term. Our focus has been on providing clarity, confidence and practical support, ensuring every transition is managed professionally and with minimal impact on customers.”
He added, “We understand that this is a significant decision for brokers. Our role is to make the process straightforward, transparent and future-focused, while continuing to invest in the technology, funding strength and service capability that brokers expect from a market-leading premium finance partner.”
Premium Credit says it will continue to work closely with brokers over the coming months as transitions progress, reinforcing its commitment to being a dependable, forward-looking partner for the UK insurance market.
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