Healthcare International has bought the international business of expat and marine insurance specialist Integra Global.
The acquisition by the international private medical insurance (IPMI) provider does not include Integra Global’s locally-admitted plans in the UAE or its reinsurance brokerage activities.
Integra Global CEO Philip Catterton will remain onboard to oversee the transition period as the business exits its IPMI offering.
Announcing the deal Healthcare International (HCI) said it will operate with both the Integra Global and MarineSure brands for the foreseeable future.
“A-rated capacity will continue to be provided by MGEN (Mutuelle Générale de l’Education Nationale) allowing HCI to provide an even wider range of insurance solutions for brokers and customers alike,” HCI said.
HCI CEO Ian Wood said: “Since our management buy out in June 2021, we have continued to seek growth opportunities, both organically and by acquisition, to maintain a leading position in the IPMI market.
“Integra Global brings a strong brand, and a history of excellent service offered through an extensive product suite.
“Our merged portfolios, together with our renewed agreement with MGEN, will accelerate HCI’s growth, and significantly expand our range of valuable products to both customers and brokers. I am excited to work with Philip and his team to integrate their business into the HCI portfolio.”
Integra Global CEO Philip Catterton added that the team were impressed by the HCI business model and customer centric vision.
“I have no doubt that HCI will further build upon the service and values that have underpinned the Integra Global brand over the last 23 years,” he said.
“And I will personally oversee the transition of the Integra Global international portfolio to HCI while we focus our attention on developing locally-admitted solutions in strategic markets”
HCI and Integra Global have been contacted by Health & Protection.
