UK-based medical health insurance and safety agency Santé Group has bought unbiased insurance coverage dealer Keyman Adviser.
Established in 2015 by Keyman Adviser’s founders Duncan and Janet Deaves, the agency specialises in particular person 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 develop its premium ebook to greater than £30m.
It can 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 amass new unbiased insurance coverage brokers all through the remainder of the yr in keeping with its progress initiatives and develop its premium ebook.
Santé Group chief government Paul Nugent mentioned: “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 develop our market share.
“We provide very engaging acquisition phrases to homeowners of unbiased 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 engaging fee revenue streams.”
Santé Group at present contains 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 mentioned: “I used to be seeking to exit the enterprise and obtained a number of gives, however I already knew Paul and his crew and revered their strategy and tradition of doing enterprise.
“I knew that promoting to the Santé Group would guarantee my purchasers would nonetheless obtain skilled recommendation and glorious service.”