PremFina expanded its broker network by a third in 2025, entering 2026 with £1.1 billion in contracted volumes.
The London-based lender secured three major broker partnerships in the fourth quarter of 2025 and has continued to add multi-year agreements into early 2026. The company said its performance puts it on track to meet its target of an 85% compound annual growth rate between 2024 and 2027, aiming to surpass £1.9bn in contracted volumes by 2027.
Founded in 2015, PremFina works with more than 200 broker partners.
PremFina said it has capitalised on Close Brothers Premium Finance’s retreat from personal lines. The company highlighted that it has introduced artificial intelligence and automation tools as part of its technology investment to streamline the customer journey from application through to ongoing servicing. It also noted that 98% of its lending decisions are now auto-approved, delivering time and cost savings for broker partners.
In 2025, PremFina announced a £350 million securitisation facility to support its lending activities, which it described as one of the largest in the sector in recent years.
Sharon Bishop (pictured), chief executive of PremFina, said the lender had moved in the opposite direction to rivals during a period of market uncertainty.
“2025 was a defining year for our business, and while other lenders pulled back, we leaned in,” Bishop said. “Our growth over the past 12 months is a clear validation of this strategy. We’ve entered 2026 buoyed by this momentum with an exceptionally strong pipeline of potential business.”
Bishop added that she expected the company to become one of the two largest premium finance providers in the UK within two years.
“I have every confidence in our ability to continue scaling, and I would be disappointed if, in two years’ time, we are not one of the top two premium finance providers in the UK,” she said.
In July 2025, Close Brothers announced it would exit broker relationships that lacked a commercial lines focus, affecting around 10% of its network and approximately £330 million of its loan book. The lender, which had a total premium finance loan book of £958 million as of January 2025, said rising costs to serve customers, broker consolidation, and increasing operational complexity had reduced the long-term attractiveness of personal lines.
The withdrawal created an opening that PremFina moved swiftly to fill. In August 2025, personal lines broker One Answer Insurance signed a multi-year partnership with PremFina following Close Brothers’ decision.
PremFina’s ability to absorb additional volumes has been underpinned by a significant funding deal struck in June 2025. The company completed a £350 million private securitisation facility supported by HSBC and Waterfall Asset Management - one of the largest such transactions in the sector in recent years.
The momentum has continued into 2026. In February, the Well Dunn Group – whose brands include Insurance Revolution and Barry Grainger – announced a new strategic partnership with PremFina.
