The Private Health Partnership (PHP) has made its fourth acquisition in three years with the purchase of JSP Medical Insurance's medical insurance portfolio.
JSP founder John Stevens will retire, while co-founder Jim Niven will continue to work closely with PHP.
PHP managing director Jan Lawson commented: “This is a good quality portfolio which can easily be absorbed into our existing advisory and customer services team. Relationships with the introducers will be supported and further developed by our UK account executive, Mike Bassett who is dedicated to managing such inter-relationships.”
She added: “We now have a proven track record acquiring medical insurance portfolios and in addition to having the necessary resources available we also have the infrastructure in place to accommodate a smooth transition with zero or minimal inconvenience to customers.
“We are currently looking at further acquisitions but continue to be interested in talking to other businesses with medical insurance portfolios who may be considering a sale. This could especially apply to intermediaries who are wishing to retire and are looking for an exit which ensures their customers are well looked after, or intermediaries who are just finding the regulatory climate far too onerous to continue handling medical insurance business.”