Stackhouse Poland has completed the acquisition of specialist medical malpractice broker Bespoke Medical Indemnity (BMI), for an undisclosed amount.
Bespoke Medical Indemnity offers specialized medical indemnity and protection for surgeons, groups and medical professionals.
The company claims that its indemnities offer savings to its clients. It provides access to expert legal and accounting advice to help structure businesses. Its healthcare indemnity team offers medical indemnity and malpractice insurance quotes.
It provides tailor-made services that suit firms of all sizes. Its insurance products have been designed to suit the particular needs of professionals.
Its covers include Bespoke underwriting, 24/7 medico legal helpline, £10m of cover, Defence costs for GMC, complaints and disciplinary hearings, public liability, run off cover.
BMI managing director and founder Andy Foley said: “I am delighted to have reached agreement with Stackhouse Poland to join their business. In thinking about the future it was important to find a successor firm that enabled our business to broaden its proposition for the benefit of clients. Our tie up with Stackhouse Poland who already have a meaningful position in this sector will help us to achieve this objective.”
Stackhouse Poland chairman Jeremy Cary said: “Our strategy continues to be focused on strong organic growth in our chosen sectors and additionally via acquisition of like-minded companies.
“We already have an established position in the medical indemnity world through our ownership of Medical Professional Indemnity Group (MPIG) so BMI adds a further layer of capability in this area and we are delighted to welcome Andy and his team into the fold.”
Last month, the company was selected as the preferred insurance partner to the National Enterprise Network (NEN) from January 1, 2019.
The NEN is a membership body that represents those working in the enterprise support sector across England.
The members represent variety of organisations such as Chambers of Commerce, enterprise agencies, local authorities and other specialist providers. Other partners to NEN include the Department for Work and Pensions, ACAS and HMRC.