Towergate Health & Protection renamed Towergate Employee Benefits
Towergate Health & Protection has renamed to Towergate Employee Benefits following the recent acquisition of UK benefits consultancy Benefiz. The acquisition enabled Towergate to add pensions and benefits technology services to its services, advising on health, protection and wellbeing benefits for employees in the UK and overseas.
Towergate said the move will be followed by further development of its client propositions and investment in new hires to support further expansion.
Iain Laws, CEO of Towergate Employee Benefits said: “These are exciting times, we’ve built strong foundations looking after our clients by offering award-winning service across our propositions through our talented team. We’re looking forward to expanding the value we can create for both our current and future clients across an even broader range of services to benefit employers and their people.”
Benefiz is a 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.
Benefiz founder and CEO Tim Gillingham said: “Joining Towergate 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.”
Laws added: “Benefiz is a strategic addition to our business that 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.”