Chase Templeton Group Ltd has purchased Healthcare Quotations Ltd (HQL), the Oxford and Gloucester based private medical insurance (PMI) specialists for an undisclosed sum.
The deal will add £8m of annual premium to the group's PMI portfolio across both SME and individual PMI sectors, taking the book to in excess of £60m in premium income.
Rohan Moore, managing director of HQL, said: "I feel the book of business we have fought hard to build is going to be in safe hands moving forward. Our clients will now benefit from the additional services Chase Templeton has to offer in complementary areas of protection."
Chase Templeton chief executive Kevin Amphlett said he was particularly interested in a number of affinity schemes held by HQP, an area that Chase is "eager to develop". He said plans were in place to "significantly increase" the firm's internet presence and direct marketing campaigns and hinted at a further "big name" acquisition due in the coming weeks.
Amphlett has previously given Health Insurance an insight into his long-term strategy, including plans for further acquisitions.