The Private Health Partnership has acquired the medical insurance portfolio of Home Counties Healthcare.
This is PHP’s 7th acquisition since becoming part of Skipton Building Society group in November 2002. The HCH portfolio contains a large number of corporate clients and group leavers with premium income around £4.4m which takes PHP’s total annual premium income to £37m.
HCH founders Gary Smylie and Antony Allsop will now concentrate on their other business Insurance Resource, a web-based quotation and product comparison site for the PMI market available to advisers.
PHP managing director Jan Lawson says: “This has been an attractive acquisition for us as we are able to absorb the portfolio into our existing infrastructure. PHP is continuing to recruit selectively in all areas of our business so that future similar opportunities can be effectively integrated whilst maintaining a high level of personal service to clients.”
PHP has acquired the medical insurance portfolio of JSP Medical Insurance Services, care advisory service company RED ARC Assured, and Select Healthcare since December 2006.