abstract:Premium Financing involves the lending of funds to a person or company to cover the cost of an insurance premium. Premium finance loans are often provided by third party finance entity known as a "Premium Financing Company"; however insurance companies and brokerages occasionally provide premium financing services.
Wintrust Financial Corp. is a bank holding company that provides banking services, trust and investment services, commercial insurance premiumfinancing, short-term accounts receivable financing, and certain administrative services.
That is because in the current environment, when markets allow buyers to provide a reasonable multiple, get financing, offer an attractive premium and clear the deal with shareholders, the initial bid is likely to be fully valued.