Surge in brokers looking to sell businesses - Chase Templeton

clock

Chase Templeton has reported an increase in the number of brokers and intermediaries wanting to sell their businesses.

In 2014 the private medical insurance adviser consolidator completed 26 deals to expand its business, while it follows its "buy and build strategy".

Chase Templeton has already completed its first deal of 2015, buying Bristol based Best Health and has further acquisitions planned.

A "climate of uncertainty" was suggested by Chase Templeton as the reason why, with possible tax changes and the uncertainty over the outcome of the General Election.

Warren Dickson, chief executive officer at Chase Templeton, said: "Whereas in the past we would be the ones making the running, since Christmas more would-be sellers that have been calling us up."

"We took five calls alone in the first few days in the office after the festive break."

"People seem unsettled because there is a climate of uncertainty out there.

"The polls are swinging back and forth, the frequency and heat of the hyperbolic policy announcements is intensifying and speculation about what the next government may do to the tax regime increasing."

He added: "Typically people want to dispose of their businesses or books due to retirement, concern about increasing regulatory obligations or because PMI is a non-core activity. The possibility of a change to the tax regime may tip the balance for some but those will I'm sure remain the key drivers."

More on PMI

Benenden Health names Tom Woolgrove as CEO
PMI

Benenden Health names Tom Woolgrove as CEO

Former CII president

Jaskeet Briah
clock 29 October 2024 • 1 min read
Societal ageing and climate change adding to healthcare challenges
PMI

Societal ageing and climate change adding to healthcare challenges

AXA research shows

Jaskeet Briah
clock 14 October 2024 • 2 min read
To save the NHS we must move away from it
PMI

To save the NHS we must move away from it

Prevention is the key

Tina Woods
clock 30 September 2024 • 4 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read