PremFina secures £350 million facility

PremFina has secured a £350 million private securitisation facility backed by HSBC and Waterfall Asset Management to fuel its growth in the UK insurance premium finance market. The funding will support up to £1.9 billion in premium finance volumes, with £1 billion already committed.

The deal reflects confidence in PremFina’s tech-driven platform and strong underwriting performance, which has delivered a client conversion rate of over 70%.

“This transaction represents a significant milestone for PremFina and a strong vote of confidence in our people, our investment in technology and our portfolio. The transaction reflects our impressive performance over the last three years. We’re proud to partner with HSBC and Waterfall — two highly respected institutions — as we scale our operations and expand access to flexible, tech-enabled premium finance solutions across the UK.” – Sharon Bishop, CEO of PremFina.