Chase Templeton eyes 'significant' PMI acquisitions

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PMI adviser-consolidator Chase Templeton has revealed it is planning a fresh round of ‘significant' acquisitions this year.

The firm said it has further finance in place to pursue further acquisitions throughout 2014 and plans to buy both broker operations and PMI books.

It has also taken on former Aon senior group risk consultant David Williams to lead its growing Group Risk department.

The consolidator said it is pursuing its aim "to become the UK's biggest PMI specialist and a growing force within the group risk market."

In 2013 Chase Templeton added around £15m in premium income through a series of deals valued from the tens of thousands to several million pounds.

It completed ten acquisitions, secured organic growth of nearly 10% and recruited 40% more staff.

The group said its annual Premium Income is now running at almost £100m. With turnover having breached £12million, the company now has over 35,000 corporate and individual clients.

Chief executive Warren Dickson said: "We have both the finance and infrastructure in place to secure and manage significant growth. We've just made a sizeable capital investment in new headquarters which gives us the capacity to double staff numbers to ensure that as we grow, both through acquisition and organically, we can maintain service standards.

"We are acutely aware that it's not good enough to simply buy to expand, but to invest in staff and systems so that we can continue to fully meet or exceed client expectations."

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