Royal Premium enters Canadian marketplace

Royal Premium Budget Canada Inc. announced its entry into Canada on Sept. 17, providing insurance premium financing in the Canadian marketplace.

The company will offer customized financing through its affiliate, Burns & Wilcox Canada, a wholesale broker focused on specialty risks, to all provinces from its Toronto headquarters.

“The Canadian market has been underserved when it comes to premium financing options for both commercial and personal insurance,” Gregory E. Ludwig, the company’s assistant vice president said in a statement. “Working with Burns & Wilcox Canada, we are able to leverage a vast network of independent insurance brokerages offering finance options for Canadians backed up by world class service and a dedicated management team.”

Royal Premium is a subsidiary of the Kaufman Financial Group, which is looking for continued international presence in the premium financing sector, according to a statement.