Willis has agreed to retain Premium Credit as its premium finance provider for a further three years, building on a relationship that began 23 years ago. The new deal incorporates increased automatic approval limits, a new process to support larger and more complex customers and enhanced data sharing.

Owen Thomas, chief sales officer at Premium Credit said: “Renewing our contract with Willis underscores the strength of our partnership and our commitment to their customers. Moving forward, we are dedicated to working together on new initiatives and identifying further areas of growth for mutual benefit.”

Tom Webb, head of operations GB and chief operating officer at Willis Limited, added: “The enhancements we have agreed as part of this contract renewal will allow us to provide an even better service to our customers, offering a market-leading premium finance facility, whilst saving time for our teams and customers and supporting growth.”