Benefiz joins Towergate Health & Protection

Towergate Health & Protection is to broaden its employee benefits business with the acquisition of Benefiz Limited.

Benefiz is an award-winning firm first established to help smaller employers offer benefits to employees that are normally only available to larger firms. Its team review, design, source and implement a wide range of benefits managed online via one of their flex platforms. 

Benefiz will operate as part of whole-of-market adviser Towergate Health & Protection. Having built a strong reputation in the health and protection market, this acquisition will enable Towergate to widen its range of services to include pensions benefits support.  

Iain Laws, CEO of Towergate Health & Protection said: “Benefiz is a strategic addition to our business which will contribute to our ongoing growth through the addition of benefits technology platforms and pension administration capabilities. This will help us meet growing demand from larger businesses for a holistic approach to employee benefits and marks our evolution into a comprehensive employee benefits adviser. We look forward to working with Tim and his team in this exciting next chapter in our ongoing development.”

Founder and CEO Tim Gillingham said: “Joining Towergate Health & Protection and the broader Ardonagh Group will help support our continued growth by allowing us to cover more services to existing Towergate clients meeting the growing demand from clients for a single advisory firm managing all their benefits.

“In looking for the right owner for Benefiz, opportunities for our Team, and the commitment to support our continued growth were paramount. In Towergate Health & Protection we’ve found both. We’re thrilled to be joining forces.”

ENDS

Notes to editors

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ARDONAGH ADVISORY

Ardonagh Advisory Broking Holdings Ltd is The Ardonagh Group’s SME broking platform comprised of Bravo Networks, Footman James, Geo Underwriting, Hera Indemnity, Lorega, Towergate, Towergate Health & Protection, Thompson & Bryan and Usay Compare brands.

With legacies which laid the foundations for the creation of The Ardonagh Group, these are advice-led, community-focused businesses with an unrivalled local footprint of experts across a wide range of sectors and specialisms, combined with national and international reach.

TOWERGATE HEALTH & PROTECTION

Towergate Health & Protection combines a whole of market, independent insurance broking service for businesses and individuals throughout the world with specialist health and wellbeing advice and solutions. The company aims to help clients manage their health risks and improve the wellbeing of themselves, their families and employees, resulting in a healthy, motivated and productive workforce.

Strong relationships with insurance providers has helped develop exclusive products to satisfy clients’ particular needs for UK and international health insurance, healthcare cash plans, dental insurance, income protection, travel insurance and expatriate health insurance cover. These insurance services are supported by partnerships with organisations that provide assistance with the management of mental health and wellbeing, including occupational health, employee assistance programmes and health screening.

Towergate Health & Protection has a nationwide team of specialist advisers with a commitment to service that has been recognised as silver in its accreditation by Investor in Customers. For further information please visit www.towergatehealthandprotection.co.uk/

THE ARDONAGH GROUP

The Ardonagh Group is one of the world’s largest independent insurance distribution platforms and a top 20 global broker. We are a collection of best-in-class entrepreneurial and specialist brands with a combined workforce of over 10,000 colleagues and a network spanning 200+ locations in more than 30 countries. Across our portfolio, we offer a highly diversified range of insurance-related products and services across the full insurance value chain globally. From complex multinational corporations to individuals purchasing personal insurance policies, our understanding of the communities we serve, together with our scale and breadth, allows us to work with our insurer partners to deliver a broad range of product and risk solutions that meet customer needs.

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