Insurance broker Somerset Bridge has agreed a multi-year deal with premium finance provider Premium Credit. The broker has 300,000 existing premium finance customers who will be transferred to Premium Credit when they renew.

Dave Taylor, chief operating officer of Somerset Bridge, said: “We were cautious about moving our substantial premium finance book from our current provider, however, we made the leap with Premium Credit and have not looked back. The transfer was straight forward and the guidance provided for our back book migration was second to none.”

He added: “We now have a partner with the technology and the team for us to develop a long-term strategy of mutual growth.”

Jon Howells (pictured), chief commercial officer at Premium Credit, said: “We are excited to be working with the Somerset Bridge team and are supremely confident that we will assist them in achieving their business growth and customer service ambitions.”

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