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HSA gains corporate exposure in BCWA deal

HSA Group has completed the acquisition of Bristol-based private medical and health insurer BCWA.

HSA received FSA approval for the deal last week. It brings the combined group’s share of the medical insurance market to 3 per cent and its turnover to around £300m.

This places HSA in the top 40 biggest general insurers in the UK.

HSA chief executive Des Benjamin says its traditional focus on selling private medical insurance products to consumers will sit well with BCWA’s big corporate sales arm.

HSA will take on BCWA’s 170 staff but says there will be a small number of redundancies.

Benjamin says: “I am delighted to have received FSA approval for BCWA to become part of the HSA family and all of us particularly want to welcome BCWA staff to our team.

“As a mutual group, our combined businesses will draw on each other’s strengths to provide reliable healthcare solutions to our customers.

“Our growing strength in this marketplace represents our commitment to help customers have real choices in healthcare and to get help when they need it, not just when the NHS can provide it.”

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