PremFina names new CEO

It’s a familiar face…

PremFina names new CEO

Insurance News

By Paul Lucas

If the face looks familiar, then that’s probably because it is – Sharon Bishop (pictured), who spent seven years at the helm of Close Brothers Premium Finance, is back: now as the CEO for UK & Ireland at PremFina.

Bishop, who spent 17 years in total with Close Brothers, will step in to support founder and group CEO Bundeep Singh Rangar as the company looks to spearhead its overseas expansion strategy.

“PremFina’s adaptable and agile technology makes it a true alternative in the market,” said Bishop. “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.”

The business was founded six years ago by Rangar, and aims to provide a “nimble alternative to incumbent providers.” It now supports more than 100 brokers – stretching from intermediaries to insurtechs.

“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,” said Rangar.

“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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