When discussing the growth trajectory of Global Risk Partners (GRP) following its acquisition by Brown & Brown in a recent interview with Insurance Business, group CEO Mike Bruce noted that the group has a “nice pipeline that we’re cracking on with”.
The accuracy of that statement is clear today as GRP’s Health and Employee Benefits hub Premier Choice Healthcare (PCH) has announced two acquisitions – Mosaic Health and PNMCO Limited. Both acquired firms operate in the health insurance space and PCH is buying the portfolios of clients for both businesses.
In a Press release, the group revealed that Witney, Oxfordshire-based Mosaic Health has been an appointed representative of PCH since 2015 and that its founder Anne Cullinan is due to retire after completion. Meanwhile, PNMCO Limited was owned by Paul Mills, a healthcare consultant trading under the PCH brand since 2005. Mills will also be stepping away from his role following deal completion.
Both portfolios of clients consist of consumer PMI and SME health policies.
Commenting on the news, Darren Perkins, PCH sales director highlighted that the deals will bolster PCH’s customer reach and bring both portfolios under direct control. PCH has worked well with Cullinan and Mills, he said, and it’s great that the business has been able to help create value from their work. He added that PCH wishes them both well for the future.
Going forward, Perkins said, both portfolios will be integrated into PCH and Equity Health Solutions (EHS), the specialist consumer division of PCH.
“Moving forward Paul and Anne’s clients will be looked after by PCH and EHS consultants,” he said, “and they can expect the same high standards of service as they received previously.”
Both deals follow on from PCH’s previous acquisitions of Equity Health Solutions in November 2021, and Amba Care & Wellbeing in February 2022.
Stephen Hough, PCH managing director, said: “We intend to continue to grow inorganically alongside our organic growth, and remain keen to talk to businesses and individuals looking to retire or wishing to partner with us to further grow their businesses.
“It is fantastic to be able to provide a vehicle for entrepreneurs to grow their own business, under the guidance of PCH, and have a simple exit strategy with financial rewards.”
