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FIRST Insurance Funding of Canada (“FIRST Canada”) announces it has merged with Policy Billing Services Inc.(“Policy Bill”). This further demonstrates the commitment Wintrust Financial Corporation has to the Canadian Insurance Industry.
Wintrust, through its subsidiaries, has significant experience in the premium finance business as one of the largest insurance premium finance companies operating in the United States and Canada. As of March 31, 2014, Wintrust's premium finance subsidiaries provided insurance premium financing for commercial and life insurance customers with outstanding balances of approximately $4.1 billion.
FIRST Canada’s premium finance expertise and broker loan offering combine with Policy Bill's innovative payment solutions and product range to form an unparalleled strategic advantage. Together, they offer leading payment and financing solutions for the Canadian insurance market.
Both organizations will continue to offer the same exceptional service and products during the transition. The management and staff at both companies will remain the same. We are in the exciting initial stages and planning has begun to determine how to utilize each company’s strengths in the most effective manner for our partners. We will provide future updates about these advances and how our partners can leverage these developments to grow their business.
Click here to view the press release.
