Private Health Partnership acquires

The Private Health Partnership (PHP) has acquired the medical insurance portfolio of Home Counties Healthcare (HCH) for an undisclosed sum.

This is PHP’s seventh acquisition since becoming part of Skipton Building Society group in November 2002.

The HCH portfolio contains a large number of corporate clients and group leavers with premium income circa £4.4m, taking PHP’s total annual premium income to £37m.

HCH was established in 1992 by Gary Smylie and Antony Allsop who will now concentrate on their other business ‘Insurance Resource’, a web based quotation and product comparison site for the PMI market available to advisers

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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