UK-based medical insurance and safety agency Santé Group has bought impartial insurance coverage dealer Keyman Adviser.
Established in 2015 by Keyman Adviser’s founders Duncan and Janet Deaves, the agency specialises in individual and associated life insurance coverage merchandise.
The corporate additionally gives enterprise safety options and recommendation on shareholder, partnership and revenue safety instruments.
The newest deal permits Santé Group to increase its premium e-book to greater than £30m.
It would see Keyman Adviser retaining its model underneath the broader portfolio of Santé Group.
Monetary particulars of the deal weren’t disclosed.
As well as, Santé Group plans to accumulate new impartial insurance coverage brokers all through the remainder of the 12 months according to its development initiatives and increase its premium e-book.
Santé Group chief govt Paul Nugent stated: “Duncan and his enterprise are well-respected in our business, and we knew the acquisition of his enterprise could be an ideal match and assist us increase our market share.
“We provide very enticing acquisition phrases to homeowners of impartial brokers who’re contemplating whether or not or not they need to promote, and extra importantly, the sale of their enterprise doesn’t imply an finish to their revenue, as we provide enticing fee revenue streams.”
Santé Group at the moment consists of Santé Life, Nugent Santé and Santé Companions.
It additionally covers ArchAngel, a software program platform that helps well being and safety brokerages with compliance and enterprise help.
Duncan Deaves stated: “I used to be trying to exit the enterprise and obtained a number of gives, however I already knew Paul and his workforce and revered their method and tradition of doing enterprise.
“I knew that promoting to the Santé Group would guarantee my shoppers would nonetheless obtain professional recommendation and wonderful service.”