Centrepoint Alliance renews core funding with NAB
Insurance premium funder Centrepoint Alliance has completed the renewal of its primary funding lines with a $270 million finance package from the National Australia Bank.
MD Richard Cawsey says the renewal reflects the company’s quality short-term loan book given the upheaval in credit markets.
“The share market has been looking at small caps with suspicion that they can’t be funded,” he told insuranceNEWS.com.au. “We’ve never been in that space, and this shows that we’re not.”
MD Richard Cawsey says the renewal reflects the company’s quality short-term loan book given the upheaval in credit markets.
“The share market has been looking at small caps with suspicion that they can’t be funded,” he told insuranceNEWS.com.au. “We’ve never been in that space, and this shows that we’re not.”