Insurance broker sells portfolio to GRP firm

Insurance broker sells portfolio to GRP firm

Towcester-based Premier Choice Healthcare (PCH), which came under the umbrella of Global Risk Partners (GRP) last June as the group’s healthcare hub, has made its first acquisition since being snapped up itself.

Without disclosing financial terms of the transaction, the 25-strong specialist healthcare intermediary announced its swoop for the portfolio of SJA International. Based in Sussex, the latter is the health insurance broker trading as SJA Health Insurance.

“We have a clear brief to accelerate growth and this deal demonstrates our commitment to deliver on that,” said PCH managing director Claire Ginnelly (pictured), referring to their remit to drive expansion of GRP’s healthcare operation.

“There is significant opportunity in the healthcare sector and we will continue to seek out books of business like this one that are the right fit to help us grow our market footprint.”

Established two decades ago in Pulborough, SJA specialises in health insurance and related products for companies and personal clients in the UK and internationally. Its business will be integrated into PCH, with SJA managing director Andrew Leach staying on in a consultancy role for an interim period.

GRP mergers and acquisitions head Stephen Ross commented: “When we acquired PCH, we were confident that they would quickly find more opportunities for us, and SJA Health Insurance’s portfolio gets us off to a great start.

“Our aim for the healthcare market is to mirror the acquisition success we have had in UK retail commercial broking, allowing us to expand our overall proposition to offer both new and existing clients a suite of healthcare products alongside our existing services.”

Born in 1996, PCH now controls around £60 million in gross written premium.

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