Preferred Medical, the specialist private medical insurance intermediary, based in Bridgwater in Somerset, has been acquired by Chase Templeton Group for an undisclosed sum.
Following the deal, Preferred Medical managing director Phil Taylor will join the board of Chase Templeton Ltd and establish an Appointed Representative Company focusing on internet-based PMI sales. Phil Taylor is also chairman of the Association of Medical Insurance Intermediaries.
For Chase Templeton, which was established in 2002, Preferred Medical is its largest acquisition to date. Previous acquisitions include Redferns Insurance Services, PHA Ltd and Health Matters Ltd.
Private medical insurance: News update: July 2007