UK-based insurance broker Howden Broking has acquired Medical Professional Risk Solutions (MPRS) for an undisclosed amount.
Founded in 2014 by James Dunsby and Chesney Phelps, MPRS is a specialist medical and healthcare broker.
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Based in Bristol, the acquired firm offers services for medical professionals and healthcare companies across the UK.
MPRS offers services related to accident & health, professional liability, medical malpractice, and commercial combined cover for general practice, private practice, and GP federations.
Howden Broking expects the deal to add further expertise to its Health & Care division.
Howden financial lines’ managing director Mark Westgarth said: “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.
“The acquisition reinforces our commitment to these essential services, and we are confident that together we can provide unrivalled support to medical professionals and healthcare organisations right across the UK. We look forward to embarking on this exciting new chapter together.”
MPRS founders James Dunsby and Chesney Phelps 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.”
In September 2020, Howden agreed to acquire UK-based personal and commercial lines insurance brokers A-Plan Group for an undisclosed sum.
In January this year, Howden partnered with insurance intermediary network Steadfast to launch broking operations in Australia.
