Premier Choice Healthcare (PCH), the Northamptonshire-based specialist health insurance and protection broker, has acquired Sussex-based broker SJA International.
The deal is the first PCH has completed since it became part of Global Risk Partners (GRP) in June last year.
SJA International trades as SJA Health Insurance and specialises in health insurance and related products for businesses and personal clients, both in the UK and internationally. It was established 20 years ago in Pulborough, West Sussex.
PCH, founded in 1996, now controls around £60m of GWP (gross written premium) and now has 25 employees.
PCH managing director Claire Ginnelly (pictured) said the deal demonstrated the broker’s commitment to drive expansion of GRP’s healthcare operation.
She said: “We have a clear brief to accelerate growth and this deal demonstrates our commitment to deliver on that.
“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.”
Stephen Ross, head of M&A for GRP, added: “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.”
Following the acquisition, SJA’s business will be integrated into PCH. SJA managing director Andrew Leach will stay on in a consultancy role for an interim period.
Terms of the deal were not disclosed.