Care Home Insurance Services (CHIS) managing director David Waters will become chair of Howden Care
Howden has acquired broker Care Home Insurance Services (CHIS) and PrimeCare.
Howden said the acquisition would strengthen its existing care team which was formally set up as Howden Care last September.
Established in 1997 PrimeCare and CHIS is led by David Waters. The broker places insurance in the care sector for up to 3,000 care home providers.
Howden chief executive said: “The UK care sector poses many challenges for clients operating within it. We are growing our capability across the entire sector, bringing broader expertise, enhanced risk management capabilities, scale and leverage to our combined existing and future clients, helping them to manage the multitude of risks they face, whether they run a care home, a domiciliary care agency, or any other type of care business.
“CHIS and PrimeCare have an enviable reputation within the sector and they are a welcome addition to Howden as we aim to be the broker of choice for care providers.”
Following the acquistion, Waters will become chairman of Howden Care.
His team will join Susan Lee, James Ramira and John Whittlestone who joined Howden to establish Howden Care. Lee will continue in her role as managing director.
Waters added: “With access to Howden’s distribution network and expertise in other product lines, we can enhance our offering to existing clients whilst having the scale to further build our client base.
”We will jointly be able to enhance and develop our existing insurance markets as well as seeking out new opportunities for the benefit of all our clients.”