Uncertainty surrounds the future of premium funding provider Centrepoint Alliance after it requested a two-week suspension of trading in its stock.

On Thursday Centrepoint Alliance Company Secretary Ian Magee wrote to the Australian Securities Exchange requesting an immediate two-week suspension of Centrepoint Alliance securities.

The company has appointed corporate advisers Grant Samuel as the directors “consider options with respect to the company’s funding, strategy and capital structure”.
 
“The event that is expected to end the suspension will be an announcement from the company addressing the issues as described above,” Mr Magee said.

Centrepoint Alliance CEO Insurance Markets Bob Dodd was unable to comment when contacted by insuranceNEWS.com.au.

In March the company blamed unprofitable finance units for an interim loss of $565,000.

Centrepoint Alliance has since restructured, moving away from commercial finance to focus on its premium funding business, which last year returned a $2 million net profit.