Macquarie Premium Funding unveils new system and staff

16 May 2005

Macquarie Premium Funding has launched a new web-based quoting system, Macquarie Encore, which incorporates Evergreen Loan Contracts.

Macquarie Encore, custom-built by Macquarie Bank following 12 months intensive industry research and consultation, will be unveiled to the market this week.

"We believe Macquarie Encore is the next generation in web-based quoting systems," says Head of Macquarie Premium Funding, Paul Cilia.

Key features include:

  • Evergreen Loan Contracts
  • Streamlined Endorsement Funding Capability, and
  • Online quotes up to $500k.

"Macquarie Encore is designed to meet brokers' requirements and we're confident we've delivered a leading-edge system that will make managing premium funding quotes even faster and easier."

The feature generating most excitement is the Evergreen Loan Contracts, which allows brokers to process renewals for clients without the need for them to sign new loan contracts.

"This obviously make the process faster for brokers and clients alike," Mr Cilia says.

Macquarie Premium Funding plans to unveil additional Macquarie Encore features in July.

Macquarie Premium Funding has also announced the appointment of Paul Schofield, previously NSW State Manager of a national premium funding firm, who will be taking on a national sales role.

"Paul has more than ten years experience in premium funding and commercial finance. He is highly regarded and well-known within the insurance broking and premium funding industry. His strong industry knowledge, technical expertise and experience is a great boost to the team."

Mr Schofield will play a key role in the rollout of Macquarie Encore and will spearhead the business's sales efforts.

"It's exciting to be part of business that is committed to developing solutions for brokers and their clients as the industry changes," Mr Schofield says.

"Macquarie has the vision, attitude and financial solutions to help brokers grow in an increasingly competitive environment."

For further information, please contact:

Suzanne Houweling
Communications Manager
Banking Division
Tel. (61 2) 8232 7029
Mobile. (61 4) 1049 9034

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