Premium Credit Ltd (‘Premium Credit’) the leading provider of premium finance services in the UK and Ireland, announces today that Tom Woolgrove has been appointed Chief Executive from 11th January 2016.

Prior to joining Premium Credit in January 2016, Tom Woolgrove has undertaken leadership roles within Insurance and Banking, including Managing Director of UK Personal Lines at Direct Line Group and President of the Chartered Insurance Institute. He brings extensive industry experience to Premium Credit and has an impressive track record of business and change leadership that will serve Premium Credit well in the years ahead.

Tom Woolgrove said:

“I'm delighted to be joining Premium Credit at this exciting time. Premium Credit has an excellent reputation and has delivered strong performance; with further investment and change, we will be able to deliver growth by further enhancing our service and better meeting the needs of our broker clients and end customers.”

Maxim Crewe, Partner at Cinven said:

“We are confident in the future of the business, with a strong management team in place, and Premium Credit will continue to invest in the digitisation programme.”

Peter Catterall, Partner at Cinven, added:

“We are delighted to welcome Tom to the team at Premium Credit. His track record of growing financial services businesses, experience and expertise will be hugely valuable as we expand at Premium Credit.”