PMI broker consolidation continues as Chase Templeton snaps up another specialist

National brokerage on lookout for more opportunities

Chase Templeton, the national private medical insurance (PMI) and protection specialist has made another acquisition as consolidation in the healthcare market continues.

The Isle of Man-based broker said today that it has acquired Benefits For Business as part of its ongoing acquisition strategy.

Benefits For Business, which is based in Farnborough, will continue to operate under its own brand. Founded in 1996, it specialises in PMI and group risk.

Gina Sokhey, account manager at Benefits For Business, said that the deal was "the best of both worlds" for the organisation.

"We’re maintaining our brand and being part of a large organisation like Chase Templeton means we are able to offer our clients some of the best rates and terms in the market.”

Over the past two years, Chase Templeton has made a number of acquisitions in the PMI intermediary market, including Jigsaw Healthcare and Healthcare Quotations Ltd.

Chase Templeton CEO Kevin Amphlett (pictured) said that the organisation has become the "perfect home" for brokerages looking for an exit from the PMI specialist market offering competitive multiples.

 

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