PremFina adds Mark Cliff to advisory board

PremFina has announced the appointment of Mark Cliff to its advisory board. 

Cliff’s appointment follows that of fellow insurance industry expert Martyn Holman to the board earlier this month.

PremFina, the UK’s first venture capital-backed premium finance company, said the purpose of the advisory board is to help the company provide insurance brokers, MGAs and underwriters with the services they need. It is comprised of industry leaders with diverse backgrounds and experience that can give their opinions on the company, industry requirements and trends.

PremFina made several major appointments last year, including Nick Elliman as its new director of client engagement in November, and David Wardle to the post of chief operating officer in May last year. Nij Saha was brought it as chief technology officer in October. 

“We are delighted to welcome Mark as a friend of the firm,” said PremFina chief executive Bundeep Singh Rangar. “His experience in the insurance industry will help us grow and provide the best products and services to brokers and insurers in the UK and elsewhere.

“The UK premium finance market is hugely important both for brokers and MGAs, as it provides them with a valuable revenue stream, and for customers, because it means they can afford to pay for their insurance,” said Cliff.

“I look forward to working alongside Bundeep and his team to help PremFina accelerate its growth, and to ensure the broader premium finance sector is nurtured and supported.”