Burges Salmon has advised JLT, one of the world's leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, on its acquisition of Chartwell Healthcare Ltd, the private medical insurance broker serving UK SME clients, subject to regulatory approval.
The combination of JLT’s existing Employee Benefits Group Risk and Heath business with Chartwell creates one of the UK’s leading PMI intermediaries within the SME market. As part of JLT, Chartwell will be able to access expertise in the wider employee benefits arena, including pensions and flexible benefits and utilise the software platform Benpal, and therefore greatly broaden the offering to their clients.
Corporate senior associate Tim Redman led the transaction and was supported by corporate partner Nick Graves, associate Peter Dunn, private client partner Nigel Popplewell and associate Jessica King.
Tim Redman said: “We are delighted to have advised JLT on this exciting transaction, which 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.”