Premier Choice Healthcare (PCH), the health insurance intermediary hub owned by Brown & Brown, has announced the acquisition of the entire share capital of Healthcover Ltd.
This marks the tenth deal for PCH since it became a part of Brown & Brown Europe in August 2020. Brighton-based Healthcover Ltd specialises in personal and business private medical insurance (PMI) and has a distinct focus on international health coverage for UK-based customers, a key factor motivating the acquisition, according to Stephen Hough, PCH managing director.
“The addition of Healthcover to the PCH portfolio will support our strategic ambitions for the UK, but crucially also provides us with expansion and deep experience in the International PMI market, which we see as a major opportunity for the business,” Hough said.
As part of the deal, the Healthcover team will integrate into PCH across the UK. Its two directors will take up roles within PCH as the international PMI consultant (James Dwyer) and the business healthcare consultant (Shaun Hart). Teammates Jo Walbrin and Rachael Bown will join PCH’s consumer specialist division, Equity Health Solutions.
Healthcover's managing director, James Dwyer, also expressed excitement about the merger, envisioning the potential to widen their reach and client base within a forward-thinking and innovative business like PCH.
“Becoming part of the Brown & Brown team was also a key consideration for us, with all the benefits accruing from being part of one of the world’s leading brokerages,” Dwyer said.
Earlier this year, PCH also announced the acquisition of Visibly Financial Services, which trades as Visibly Health, along with a book of business controlled by self-employed consultant Gill Nicholson.
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