Chase Templeton has 'strengthened' its position within the SME sector of the company medical insurance market with the acquisition of Wiltshire-based Healthcare Solutions.
The deal, concluded on Friday (30 October) and the 15th completed by Chase Templeton this year, brings £700,000 in annual premium income (API) to the broker.
Healthcare Solutions was the corporate vehicle of industry veteran Peter Frankum who at the age of 73 has decided to retire from the business.
Frankum said: “Having spent many enjoyable and rewarding years building up a great book of loyal clients, predominantly small businesses, I felt that now was the time to hand over the reins.
“Chase Templeton, with whom I’ve also worked with for many years, seemed a natural home."
Jeff Tate, Chase Templeton’s mergers and acquisitions director, said Healthcare Solutions’ book offered a natural fit.
He said: “When it comes to company medical insurance and employee benefits whilst we do serve national and international corporates the SME space is really our sweet spot. Healthcare Solutions book will complement our existing strength in that space bringing an impressive roster of small businesses to Chase Templeton.”
He added that far from slowing the rate of the company’s acquisitions it is set to accelerate going into the final quarter of the calendar year.
“The pipeline for 2016 is also looking very healthy indeed,” he said.
