’With strong momentum across the business, we remain focused on delivering our business plan to achieve significant growth while maintaining strong performance levels,’ says chief executive
PremFina has completed a new £400m senior debt facility provided by UK bank Lloyds.
The insurance premium finance provider said the transaction provides a boost to its funding capacity to support continued growth of the loan book.
The deal also supports PremFina’s existing £100m junior capital facility with Waterfall Asset Management, secured in March 2026.
Sharon Bishop, chief executive at PremFina, said: ”This transaction is another important milestone for PremFina. The support from a leading UK bank such as Lloyds alongside Waterfall Asset Management strengthens our funding platform to support continued growth of the business.
”With strong momentum across the business, we remain focused on delivering our business plan to achieve significant growth while maintaining strong performance levels.”
‘Strong position’
The deal comes after PremFina delivered more than 300% growth of its loan book over the last 18 months.
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Miray Muminoglu, head of securitised products group at Lloyds, said: “PremFina has built a strong position in the insurance premium finance market and has an established track record of growth.
”We’re committed to supporting specialist finance providers and are pleased to provide this facility to support PremFina’s continued growth.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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