Private health insurance specialist Chase Templeton open a new office in Bromley, Greater London to promote new business within the SME sector.
The new office will be headed by Rob Wheater who, with five other staff, joined the fast-growing company through its acquisition earlier this month of Consilium Employee Benefits. Wheater will manage a combined team of 10 new business and telemarketing consultants operating nationally.
The move is part of a wider strategic push by Chase Templeton to complement its “buy and build” acquisition strategy with a much more aggressive focus on securing organic new business. Having seen organic SME company health and employee benefit revenues rise by 19 percent year-on-year, the company believes investment in organic business growth drivers will yield positive returns.
In addition to the Bromley initiative the company is also looking to imminently recruit an additional 10 staff to handle back-office functions at its headquarters in Darwen, Lancashire. It already employs over 100 staff in Darwen and at its offices in Bridgwater Somerset, twice the number it had in 2013 when it secured the backing of Manchester’s Palatine Private Equity to fuel its growth.
“The opening of a Greater London hub marks a new phase in our growth strategy,” said Chase Templeton’s Commercial Director, Richard Holden. “Whilst buy and build will remain at the core with no let-up in the pace of our acquisitions, we are putting significantly more resources and effort into identifying organic new business opportunities.” “This effort will be directed in particular at the SME space which is a sector we really know how to serve and serve well.”
Through its aggressive acquisition strategy and organic growth the company has expanded to protect over 110,000 lives and manage over £140m in annual premium income. Such is the pace of the company’s expansion that it is already looking to add to its Darwen offices which it moved into only in November 2013.