25 January 2021Insurance

Global Risk Partners unit PCH unveils first acquisition

GRP-owned Premier Choice Healthcare (PCH) has acquired the portfolio of Sussex-based health insurance broker SJA International (SJA Health Insurance).

The deal is PCH’s first since it became part of Global Risk Partners (GRP), an acquisitive insurance broking and managing general agency (MGA) investment vehicle, in June 2020.

The company expects the deal to drive expansion of GRP’s healthcare operation in the UK market.

Upon completion, SJA’s business will be integrated into PCH. SJA managing director Andrew Leach will stay on in a consultancy role for an interim period.

Claire Ginnelly, managing director of Towcester-based PCH, 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.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
21 December 2020   The company was boosted by an investment from Searchlight Capital Partners in June.
Insurance
14 December 2020   GRP is keen to build its digital distribution capability in commercial broking.