PremFina has strengthened its leadership team with the appointment of Sharon Bishop as chief executive officer for the UK and Ireland and the creation of an international division.

Bishop is a customer-focused premium finance leader with a formidable track record in developing and delivering on growth strategies. She joins after 17 years at Close Brothers, including seven years as chief executive officer of Close Brothers Premium Finance (CBPF).

Her appointment will support PremFina founder and group chief executive officer Bundeep Singh Rangar to spearhead the business’ overseas expansion strategy.

PremFina’s proposition includes lending facilities to offer flexible finance for commercial and personal lines, and a standalone white label software-as-a-service (SaaS). This enables brokers, insurers, and MGAs to use premium finance as well as self-fund their loan books or combine the two. Most importantly, the offering can be embedded in the customer journey.

The business was founded six years ago by Rangar to provide a nimble alternative to incumbent providers. Since launch, it has grown to support more than 100 brokers from some of the biggest intermediaries to pay-as-you-drive insurtechs.

Bishop commented: “PremFina’s adaptable and agile technology makes it a true alternative in the market. The business is built for the future with brilliant technology, excellent people and a culture of embedding themselves to support brokers and their customers.”

“I’m looking forward to talking to brokers about how we can help them grow their business and deliver flexible financing solutions in the way their customers expect and deserve. That’s particularly pertinent given the tech revolution underway in the industry.”

Rangar said: “Our team has built something flexible and fresh, with an ability to deliver quickly and delight customers. I’m incredibly excited about our next chapter with Sharon at the helm in the UK and Ireland.”

“The creation of an international division will help us meet our ambitious growth plans and export our model to other corners of the world. It’s our can-do spirit and unwavering client focus that makes us responsive to the ever-evolving needs of our partners. That’s the company culture that helped us get here and one that we’ll maintain as we scale globally.”

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