Premium funding arrives in Hong Kong

Jardine Lloyd Thompson (JLT) and Pacific Premium Funding (PPF) have announced a strategic business agreement to deliver a new, flexible insurance premium payment service to the Hong Kong market, known as premium funding. "Payment of insurance premiums is increasingly placing a strain on businesses by tying up working capital, especially given the current economic climate coupled with rising premiums exacerbated by September 11," explains Simon Weaver, managing director of JLT in Hong…