We are pleased to announce that we have sealed our second sizeable deal of the month with the acquisition of Brighton based intermediary Medical Insurance Advisers Limited (MIA)
Following the £6.3m deal announced earlier this week through our acquisition of SME-focused Get Private, we are pleased to welcome a further 700 clients and a further £1.5m of annual premium income (API) to our specialist private medical insurance book of business.
MIA was co-founded over 20 years ago by Chief Executive Officer Stephen Walker and concentrates on serving individual clients as well as a small book of SME clients.
Mr Walker, who was also Chair of the Association of Medical Insurers & Intermediaries (AMII) between 2004 and 2007, will now retire from the industry along with his fellow director, shareholder and former AMII board member, Hazel Gregory.
“It was time to hand over the reins, realise the value of a business I and my colleagues have built over two decades and enjoy retirement,” commented Mr Walker. “I am grateful to Chase Templeton not only for the professional, courteous and satisfactory manner in which they conducted negotiations, but, for giving myself and Hazel the comfort of confidence of knowing they will be well looked after in the future. That matters a lot to both of us.”
MIA’s individual clients will now be served from Chase Templeton’s Individual Centre of Excellence at its offices in Bridgwater, Somerset, with the corporate book being integrated into our head quarters in Lancashire.
“Cultivating a business of the calibre of Medical Insurance Advisers takes more than expertise, it takes hard work and dedication too,” commented Jeff Tate, Chase Templeton’s Mergers and Acquisitions Director. “People casually throw around the phrase ‘well-earned’ when discussing retirement but I can assure you it is thoroughly deserved in this case.
“The baton has now been handed over to our Bridgwater team who I’m confident will be able to match the exceptional care, attention and advice from which MIA clients have previously benefited.”