Howden Broking announced it has acquired Medical Professional Risk Solutions (MPRS), a specialist insurance broker for the primary care sector, for an undisclosed sum.
Howden said the acquisition adds further expertise to its Health & Care division.
Founded in 2014 by James Dunsby and Chesney Phelps, MPRS is a Bristol, England-based insurance broker for medical professionals and healthcare organizations across the UK. It provides accident & health, professional liability, medical malpractice, and commercial combined cover for general practice, private practice and GP federations.
“We are delighted to welcome James, Chesney and the wider MPRS team to Howden. The acquisition of MPRS is consistent with our strategy of growing and creating specialist lines of business and developing our offering for clients,” commented Mark Westgarth, chair, Howden Health & Care.
“The events of the last 12 months have reminded us of the pivotal role both primary and social care providers play in our society. The acquisition reinforces our commitment to these essential services, and we are confident that together we can provide unrivaled support to medical professionals and healthcare organizations right across the UK.
In a joint statement, James Dunsby and Chesney Phelps of MPRS said: “We are thrilled to announce our partnership with Howden, a business that feels like an instant cultural fit for the MPRS team and a natural home for an independent business like ours to flourish. We share the same approach to client centricity, innovation, and entrepreneurship, which is fundamental to our future success and our clients. The MPRS journey so far has been an exciting one, and we look forward to continuing the successful development of the business within Howden.”
About Howden Broking
Howden Broking, the London-based independent re/insurance broker, comprises owned businesses across Europe, Asia, Africa, Latin America and the Middle East. Established in 1994, Howden employs more than 6,500 people worldwide. Together with network partners aligned to its specialty-led proposition, Howden operates in more than 90 territories.
Source: Howden Broking
Topics Mergers & Acquisitions Agencies
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