Close Brothers Premium Finance signs long-term financing deal with Romero

Close Brothers Premium Finance (CBPF) has signed a five-year exclusive deal with Romero Insurance Brokers to offer finance facilities to Romero’s customers.

Sharon Bishop, CBPF’s Chief Executive, said: “I am delighted that we’ve agreed to continue to work alongside Simon Mabb and his team to provide premium financing to Romero’s customers”.

CBPF will provide premium finance to large commercial clients, SMEs and leisure industry schemes, for both Romero Insurance Brokers and Club Insure, within the Romero group of companies. Club Insure is one of the UK’s leading scheme providers for sports and social clubs, bars and nightclubs.


Sharon Bishop, CEO of Close Brothers Premium Finance

Sharon added: “Romero is one of the largest independent regional commercial insurance brokers in the UK and further builds on our strong market presence in the North of England”.

Simon Mabb, MD of Romero, said: “We very much welcome this new agreement with CBPF, and our commitment to a new five-year relationship is testament to the strength of our existing partnership”.


Romero Insurance logo

 

He added: “A five-year deal takes our relationship well beyond transactional to a genuine strategic partnership, which is a key aim for us because it enables us together to develop new products and services that deliver substantial benefits to Romero’s clients”.

The contract is effective immediately. 

 

About Close Brothers Premium Finance

CBPF works with over 2,000 brokers, helping more than 2.3 million businesses and customers across the UK and Ireland spread the cost of their insurance premiums through premium finance.

A pioneer in the field of premium finance, in 1977 CBPF was the first company to offer finance for insurance premiums. More than 40 years on we continue to deliver award-winning support through our strategic drivers of service, expertise and relationships.

 

About Romero Insurance Brokers

Established in 1997, Romero Insurance Group was formed by Justin Romero-Trigo. The Group has grown organically and manages over £75,000,000 of commercial insurance premiums. The Group consists of Romero Insurance Brokers Ltd, Club Insure Ltd and Booking Protect Limited. Romero are a UK Top 20 Independent Insurance Broker employing 160 people across 5 offices with headquarters in Leeds. 

All companies are registered and regulated by the Financial Conduct Authority. 

Romero Insurance Brokers holds the highly regarded Chartered Insurance Broker status.