Premier Choice Healthcare (PCH) is buying advice firm Healthcover as it targets a greater presence and opportunity in the international private medical insurance (PMI) market.
PCH said it has completed the acquisition of all the share capital of Brighton-based intermediary Healthcover Ltd for an undisclosed sum.
The deal is PCH’s 10th acquisition since it was itself acquired by Brown & Brown Europe in August 2020.
Healthcover Ltd directors James Dwyer and Shaun Hart will join PCH as international PMI consultant and business healthcare consultant respectively, while teammates Jo Walbrin and Rachael Bown will join PCH’s consumer specialist division, Equity Health Solutions.
The intermediary writes personal and business PMI and specialises in international health cover for UK-based customers, which PCH MD Stephen Hough (pictured) said was a key factor behind its the acquisition.
Hough continued: “The addition of Healthcover to the PCH portfolio will support our strategic ambitions for the UK, but crucially also provides us with expansion and deep experience in the international PMI market, which we see as a major opportunity for the business.”
Dwyer added: “We are very excited to join the team at PCH as it will give each of us the opportunity to broaden our reach and client base within a business that is forward-thinking and innovative.
“Becoming part of the Brown & Brown team was also a key consideration for us, with all the benefits accruing from being part of one of the world’s leading brokerages.”