Chase Templeton secures record-breaking deal

Chase Templeton has completed its largest ever deal through the asset purchase of Kent-based specialist healthcare broker Consilium Employee Benefits Ltd.

The move brings £15m in annual premium income to the private medical insurance consolidator of which £13.2m is generated by SME clients. This means that Chase Templeton now manages in excess of £140m in API from its headquarters in Darwen, and offices in Bridgwater, Somerset.

The deal is the 16^th sealed by Chase Templeton this calendar year and follows swiftly on from its acquisition of Wiltshire brokerage, Healthcare Solutions which it concluded on October 30. The company is also confidently predicting further sizeable transactions to be completed before Christmas with further deals pipelined for 2016.

Commenting on the decision to sell, Andrew said: “Our exit strategy realises the full value of Consilium’s assets which we are now free to invest in fresh business ventures. It also gives us the confidence and comfort of knowing that our clients, whose loyalty we’ve strongly valued, will be very well looked after going forward. Chase Templeton realise the value of this and every other other deal they do is entirely dependent upon client retention, so they work very hard to deliver added value.”

“With Atlas that means we have added around £29m in SME premiums in less than three months, significantly increasing our footprint in what is a strategically important space for our business.”

He added: “We’re on course to break through the £150m premium barrier before this year is out and having only relocated our headquarters due to expansion two years ago, are now creating extra space to accommodate growing staff numbers.”