Insurance premium finance provider PremFina has announced changes to senior management roles as part of its plans for growth over the next two years.

The company says its new approach will enable the continued deployment of its £350m debt facility with HSBC and Waterfall Asset Management, supporting a targeted £1.9bn in premium finance volumes, of which £1bn is already contracted. It will also facilitate the continued expansion of PremFina’s broker partnerships.

Laura Sweetman, previously chief operations officer, has been promoted to the newly created role of chief product & revenue officer. Ben Lemmon, who has been with the business for five years and has over two decades of sector experience, has been promoted to business development director.

Meanwhile, Maz Chambers, who joined PremFina last year as chief transformation officer, has been promoted to chief operations officer, having previously held senior positions in operations and project management at Klarna, Close Brothers and Lloyds.

Since the current leadership team joined in 2021, PremFina has grown its broker partnerships to over 200 and recently welcomed firms such as Markerstudy Distribution and the Ardonagh Group. The company is now forecasting a CAGR of 85% from FY24 to FY27.

Sharon Bishop (pictured), CEO of PremFina, said: “This marks an exciting new chapter for PremFina as we integrate our technology into a seamless, end-to-end experience for brokers and customers. Doing this effectively requires a collaborative and adaptable senior team — and I’m delighted to see Laura, Ben and Maz take on the new roles.

“By bringing our teams closer together and removing traditional silos, we’re positioned to grow faster, innovate more effectively, and deliver an exceptional service to our partners. With the financial strength we’ve built and a fast-expanding broker community, we’re confident in our ability to continue disrupting the premium finance market. Announcing these changes on our 10th anniversary is a proud milestone, and a clear signal of the momentum we’re building for the next decade.”