Premium Credit has announced that its longstanding premium finance partnership with UK and Irish insurance intermediary PIB Group will continue for a further five years.
The renewed agreement, which comes into effect immediately, will see the businesses working more closely together to develop their proposition, while also offering PIB Group customers a more streamlined onboarding experience.
Over the years, the partnership, which has been in place for more than two decades, has been successful, the companies said. In the UK, the collaboration has enabled PIB brokers to offer flexible premium finance solutions to their customers, enhancing client retention and satisfaction.
In Ireland, Campion Insurance, which is part of PIB Group, was one of Premium Credit’s earliest broker partners after the company entered the Irish market in 2004. The Irish operation has grown alongside Premium Credit, reflecting a long-term, mutually beneficial relationship. The previous partnership delivered key outcomes, including smoother onboarding and flexible payment options for clients, strong broker support through Premium Credit’s systems and expertise, and strengthened market presence in both countries.
Commenting on the agreement, Owen Thomas, chief sales officer at Premium Credit, said the extension of the partnership is testament to the relationship built over years.
"PIB is an important partner for us and we are excited to be part of the next phase of their growth journey," Thomas said.
Meanwhile, Ger Shannon, managing director for Ireland at Premium Credit, highlighted the success story of their partnership with Campion Insurance. "To have retained a partner for over 20 years truly demonstrates the strength and value of our relationship," Shannon said.
Ryan Brown, deputy group CEO at PIB Group, also commented that Premium Credit has consistently demonstrated a deep understanding of their business and customers, aligning with PIB’s needs and making them a trusted partner. He welcomed the continuation of the long-term relationship as both firms focus on delivering exceptional service and value to customers.
