Premium Finance provider PremFina has agreed a multiyear partnership with personal lines broker One Answer Insurance. One Answer Insurance was founded in 2000 as a niche personal lines broker with a particular focus on motor, including non-standard risk.

Laura Sweetman, chief product and revenue officer at PremFina, said: “Our new partnership with One Answer Insurance reflects our commitment to delivering flexible customer-focused solutions across both personal and commercial lines.

“With our enhanced technology, backed by market expertise and financial firepower, PremFina is uniquely positioned to address the evolving needs of the personal lines market and continues to deliver to both our broker partners and their customers.”

Trevor Cutts, managing director at One Answer Insurance, added: “Partnering with PremFina, whose customer-centric approach strongly aligns with our values, feels like a natural step for our business. This will further strengthen our ability to provide tailored insurance solutions, ensuring our clients benefit from greater flexibility in financing their policies.”

Earlier this year, PremFina signed an agreement for a £350m private securitisation facility from HSBC and Waterfall Asset Management.