Bexhill UK, a subsidiary of Orchard Funding Group, has been at the forefront of providing bespoke finance solutions to insurance brokers in the UK for over two decades. Established in 2000, Bexhill UK has carved a niche for itself by offering innovative and unique financing options to over 150 insurance brokers, aiding them in establishing their finance entities, or leveraging our Direct solution.
Origins and Evolution of Bexhill UK
The inception of Bexhill UK marked the introduction of a novel approach to insurance premium financing. With its foundation laid in 2000, Bexhill UK was conceived to fill a gap in the market for flexible and broker-centric financial services. This initiative not only revolutionized premium finance but also enabled brokers and insurers to gain autonomy and rewards by operating their own finance companies.
Innovations in Insurance Financing
Since its establishment, Bexhill UK has been synonymous with innovation, offering new and dynamic funding solutions to ensure brokers remain competitive. The organization pioneered the concept of in-house financing facilities for insurance brokers and insurers, a first of its kind in the UK, alongside providing more traditional finance models.
A Legacy of Growth and Recognition
Bexhill UK’s growth trajectory is a testament to its resilience and adaptability. The milestone of floating on the London Stock Exchange in 2015 underscored its market leadership, becoming the first premium finance provider to achieve full FCA authorization. The company’s proactive support in facilitating FCA applications for partners further exemplifies its commitment to fostering strong, mutually beneficial relationships.
Partnership-Driven Approach
Central to Bexhill UK’s philosophy is a steadfast dedication to nurturing partnerships that yield mutual benefits. By aligning our objectives with those of our brokers, we ensure a symbiotic relationship that fosters growth and success for all parties involved.
Adaptable Solutions for Changing Markets
Understanding that the financial landscape and brokers’ needs are ever-evolving, Bexhill UK prioritizes the continual adaptation and enhancement of its products and services. This approach guarantees that brokers and their clients receive the most effective and relevant financial solutions available.
The Bexhill UK Difference
What distinguishes Bexhill UK from its contemporaries is not just its pioneering status but also its ethical business practices and commitment to providing added value. Owners of Bexhill UK are directly involved in its operations, ensuring accountability and a personal stake in the success of every partnership. The company prides itself on offering solutions that enhance profitability, control, and the overall value of brokerage businesses, setting a new standard in the funding industry.
Key Innovations by Bexhill UK
- In-House Finance Facility: First in the UK to offer brokers and insurers the capability to run their premium finance operations;
- Direct Solution: An alternative for brokers not looking to manage their finance company, providing flexibility and ease of access;
- Market Adaptability: Continual innovation to meet evolving broker needs and market changes;
- FCA Authorisation: First premium finance provider to achieve full FCA authorisation, underlining compliance and reliability;
- LSE Listing: Demonstrated market leadership and growth by floating on the London Stock Exchange in 2015.
Bexhill UK vs. Traditional Financing Models
| Feature | Bexhill UK | Traditional Models |
|---|---|---|
| Finance Facility | In-house and Direct options | Typically, external financing |
| Innovation | First to offer in-house financing | Often follow established practices |
| Flexibility | Tailored solutions for brokers | One-size-fits-all approach |
| Compliance | Full FCA authorisation | Varying levels of regulatory compliance |
| Partnership Approach | True spirit of partnership with brokers | Transactional relationships |
| Market Adaptability | Products and services evolve with market | Slower to adapt to market changes |
| Ownership and Accountability | Direct involvement and accountability | Often part of larger, less focused entities |
Conclusion
Bexhill UK’s strategic approach to insurance premium financing has not only established it as a leader in the field but also redefined industry standards for innovation, flexibility, and broker empowerment. Through its unique in-house and Direct solutions, along with a steadfast commitment to partnership and adaptability, Bexhill UK continues to pave the way for future advancements in financial solutions for the insurance sector. The company’s success story serves as a testament to the power of innovative thinking, market responsiveness, and the importance of building strong, mutually beneficial relationships within the industry.