Jardine Lloyd Thompson (JLT) has bought SME broker Chartwell Healthcare to create a £200m premium PMI and group risk business.
Chartwell is headquartered in Bristol and has 50 employees, specialises in private medical insurance (PMI) and associated protection products.
The new business, which will bring together JLT’s existing employee benefits group risk and heath business with Chartwell will have almost 7,000 clients.
Chartwell customers will be offered consulting expertise across the broader benefits spectrum, including pensions and flexible benefits and will get access to JLT’s software platform Benpal.
JLT Employee Benefits CEO Bala Viswanathan says: “Chartwell shares a strong cultural alignment to JLT with its client-first approach. By bringing together the professional skills, strengths and expertise of two like-minded businesses we can significantly enhance our offering to clients. This represents a significant step towards meeting JLT’s strategic goal of becoming a leading full service broker and employee benefits specialist to the UK SME sector.”
Chartwell Healthcare CEO Gary Noble says: “I am delighted to have concluded our discussions with JLT Group. With the support of our key partnerships over the past nine years, the dedicated team at Chartwell Healthcare has built an extremely successful business model, with a strong and recognised brand.
“Together this will expand our reach and distribution further into the SME sector and provide a wealth of opportunity, which will benefit both our valued employees and treasured clients. I am looking forward to working together to build an exciting future, where growth and innovation within the employee benefit sector will flourish.”
