RBS Insurance has today announced that it intends to close its premium finance arm, Finsure.
If the proposals are accepted, Finsure, ChoiceQuote Insurance’s current premium finance provider,
will stop accepting new business in the first half of 2010 whilst existing agreements will be run-off
over a 12 month period.
RBS has begun a one-month consultation period with 80 staff based in Peterborough and London, commenting that
any affected employees will be allowed to apply for alternative roles within the RBS Group.
Cathie Bruce, Managing Director of ChoiceQuote Insurance Services confirmed that existing ChoiceQuote customers
will not be affected by this move. All existing finance agreements will continue as normal until renewal and
service levels will not be affected.
All payments should continue as normal and customers should not cancel any agreements. Customers with any
queries regarding their existing agreements should call ChoiceQuote on 0844 557 4920.