Close Brothers Premium Finance (CBPF), the expert premium finance provider, has announced a new three-year exclusive partner contract with the PIB Group-owned Cobra Network Limited, further extending their 22-year-old partnership.
CBPF is the original premium finance provider, with 2.4 million customers in the UK and Ireland, and a network of over 1,500 brokers.
Formed in 2003, Cobra Network is an award-winning broker network, with a growing membership of independent brokers. The network currently has 225 brokers across the UK.
The deal will see new rates being made available exclusively for Cobra members, increasing their ability to be competitive, yield sustainable growth, and ensure financial stability. The partnership with CBPF ensures that members of Cobra Network receive best-in-class service from a trusted and experienced provider, supported by an award-winning, in-house vulnerable customer team.
Brokers will also be able to benefit from a range of CBPF services designed to support the growth and evolution of their business, including CPD accredited training, as well as a suite of resources and performance insight tools, such as Focus 360 that identifies new growth opportunities.
Elliott Hayes, Sales Director, Close Brothers Premium Finance comments: “Broker networks play a vital role in the UK premium finance landscape, and supporting their growth and purpose is central to our strategic focus. We recognise both the challenges and opportunities their members face, which is why we’ve invested in a tailored toolkit designed to help brokers thrive and grow with confidence.
“We are extremely proud of our commitment to innovation and service excellence, so Cobra Networks' decision to renew this relationship of 22 years is a clear sign that we’re on the right track.”
Michael Brigden, Head of Membership Services, Cobra Network comments: “Close Brothers Premium Finance has been working alongside us since the network was founded back in 2003, and its expert team has been pivotal in our growth and our success. The support offered has been hugely valued by our brokers and we are thrilled to further extend this partnership.
“Crucially, the new rates that we’ve been able to secure are only possible due to the strong collaboration between us and Close Brothers Premium Finance, who are equally dedicated to supporting brokers and their growth ambitions.”
CBPF recently announced an enhanced strategy, bringing greater focus to expanding its commercial lines business through the modernisation of its technology platform, optimising customer onboarding, and broadening its underwriting appetite.
While reducing its emphasis on personal lines insurance premium finance, CBPF remains fully committed to supporting all aspects of its commercial brokers' overall proposition, including their associated personal lines portfolio where applicable.
