Acquisition adds £2m to Chase Templeton's premium income

Chase Templeton has acquired Ealing-based SJS Healthcare Associates Ltd.in a deal which adds a further £2m in annual premium income (API) to the fast-growing private medical insurance intermediary’s books.

Founded in 2002, SJS Healthcare majors on private healthcare, life cover, income protection and critical illness for business although it also offers advice to individuals. Co-founder Helen Simons, who boasts 22 years specialist PMI experience, is to retain links to Chase Templeton by taking on an introducer role.

Helen Simons said: “This is an ideal outcome for me. Whilst exiting SJS and leaving my clients in good and capable hands I get to remain in an industry which I know inside out - and love.”

He added that the company intended to maintain the pace of its “buy and build” strategy through 2014, with several acquisitions scheduled to complete before the end of this month. “We’ve kicked off 2014 as we ended 2013, in full flow”. In addition to this deal we are set to confirm a number of new acquisitions before the month is out.” The SJS deal means Chase Templeton has now added around £6m in API in the two quarters since the beginning of its accounting year last November. It also made a £150,000 capital investment when relocating its headquarters to a dedicated two-storey building at Blackburn Interchange, Darwen. This followed a 40 percent increase in staffing levels in 2013 which now sees the company employing over 60 people in Lancashire and its offices in Bridgwater, Somerset.