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.”
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