Isle of Man-based Chase Templeton Group, which has openly been on the acquisition trial in recent months, has bought the UK and expatriate private medical insurance (PMI) book of Birmingham-based intermediary PHA for an undisclosed sum.
"The purchase of PHA's book meets our ongoing strategy of acquisitions in this sector," said Kevin Amphlett, chairman of Chase Templeton Group. "PHA's global web presence is a key addition to our other successful distribution channels."
Dave Maharaj of PHA commented: "The sale of our PMI book allows us to invest and focus on our core business, namely mortgages and travel insurance. We are confident Chase will provide our loyal client base with an excellent service through its national network of healthcare consultants"
Chase Templeton Limited is a wholly owned subsidiary of Chase Templeton Group Limited who also wholly own 1U Ltd a provider of a range of protection insurances,
Chase Templeton Ltd
Phone: 01254 689489
Fax: 01254 689589
Unit 6, Business Development Centre
Contact name: Mr Kevin Amphlett
Kevin Amphlett is a recognised name with 25 years experience in the industry.
Private Medical Insurance : News update: October 2006