Isle of Man based Chase Templeton has purchased Kent based PMI specialist Redferns Insurance Services for an undisclosed sum.

"The purchase of Redferns meets our ongoing strategy of acquisitions in this sector," said Kevin Amphlett, chairman of Chase Templeton. "Redferns provides us coverage in a target geographical area and a client base offering significant cross-sell opportunities''

Ray Pollard of Redferns commented: "The sale of our PMI business allows us to invest and focus on other exciting business opportunities. We are confident Chase will provide our loyal client base with an excellent service through its national network of healthcare consultants"