CBPF commercial lines director says the business is ‘keen to unlock’ other ways to work with brokers

Close Brothers Premium Finance (CBPF) has renewed its contract with Brown and Brown’s Hedron Network, a statement released today (22 January 2023) said.

The new five-year deal will see CBPF provide financing solutions to the UK network business’ broker partners and support their clients both in personal and commercial lines.

It will do this through its specialist network relationship team, which is headed up by Karen Johnson.

CBPF director of commercial lines Elliot Hayes said that “CBPF has always been a strong supporter of the network model and this important deal underscores our ambition to remain the market leader in this space”.

“We can offer finance solutions and other facilities to all partner brokers and, with the rock-solid support and backing of our bank, we are keen to unlock other ways in which we can work in partnership with the membership base,” he added.

’Fully committed’

CBPF stated that its accredited training programme aims to help brokers build and maintain financial development skills, while its Focus 360 offering works to deliver data and industry insights to support business growth.

The business works with over 1,500 brokers in the UK.

Hedron chief executive Chris Haggart said that it was “clear” that CBPF were “fully committed to meeting the evolving needs of brokers” and was looking forward to “another successful five years doing business” with Hayes and the wider team.

“I’ve been impressed by Close Brothers’ commitment to the network model,” he added.

“Our partnership ensures that Hedron partner brokers and, importantly, their customers have access to market-leading financial solutions.”

Hayes said: “It’s great that Hedron continues to have confidence in Close Brothers and we look forward to continuing the strong partnership we’ve enjoyed with the Hedron team for another five years.”