A conditional contract between Centrepoint Alliance and OAMPS has been signed to give Centrepoint 100% of OAMPS Premium Funding.

The deals values OAMPS Premium Funding at about $18.6 million and Centrepoint will continue to provide the company’s premium funding services under the new arrangement.

Centrepoint Premium Funding CEO Bob Dodd says OAMPS Premium Funding is a successful business and its staff experience augurs well for the business to grow.

“We’re excited about the opportunity to provide all OAMPS brokers with a full premium funding product range that will enable them to add value for their clients,” Mr Dodd said.

Centrepoint Alliance will continue to invest in improving IT systems and customer service.

Between now and June 30, Mr Dodd and senior OAMPS broking executives will visit OAMPS branches around Australia outlining the benefits of the new arrangements for brokers and clients.

“We’ll ensure OAMPS brokers can expand the premium funding side of their businesses by offering products and services that specifically meet their needs,” Mr Dodd said.