Chase Templeton, a UK-based private medical insurance (PMI) specialist, has purchased Chartered Life, which specialises in private health insurance, medical insurance, healthcare and life insurance in the UK.
Chartered Life, based in Glasgow, Scotland, was established in 2009 and has a strong client base in Scotland. The company has a premium income of £2.4m.
Following the acquisition, the founder of Chartered Life, Alan Christie, will become a self-employed consultant and maintain a commercial relationship with Chase Templeton.
Chase Templeton chief executive Warren Dickson was quoted by Postonline.co.uk as saying that under Alan’s stewardship Chartered Life has become one of Scotland’s most successful PMI intermediaries.
"It’s a dynamic business and brings a strong and stable book to Chase Templeton," Dickson said.
This acquisition comes a few days following Chase Templeton’s purchase Ealing-based SJS Healthcare, an independent healthcare brokerage company.
Last month, Chase Templeton also acquired Kenilworth-based Health Assist for an undisclosed sum. Health Assist, which was established in 2005 by managing director Simon Allen, specializes in company PMI, employee benefits and group risk.
Chase Templeton has been seeking to expand its operations through aggressive acquisitions. The company has acquired 20 businesses and books since January 2013.