Announcements

Ardonagh Advisory grows Scottish presence with addition of Solutions Healthcare Ltd

05 February, 2024 |Advisory | M&A

Ardonagh Advisory has acquired Solutions Healthcare Ltd, a whole of market healthcare insurance broker, serving commercial clients and individuals across the UK.

Based in Glasgow, the business offers advice on Private Medical Insurance and employee benefits including, life assurance, critical illness and business protection. Solutions Healthcare also provides an additional claims service, ensuring clients receive a fully supported, end-to-end service.

Solutions Healthcare was founded in 2014 by Directors Alan and Evelyn Christie, who used their extensive 30 years’ experience in the market to build a well-respected brokerage which has attracted many longstanding clients.

The business will operate as part of Towergate Health & Protection, with Evelyn Christie continuing to guide the business in a client-facing role.

The acquisition takes place against the backdrop of a fast-growing health insurance market, which is fuelled by increasing demand for private healthcare in the UK.

 

Alan Christie, Managing Director, Solutions Healthcare Limited said:

“Our business has grown and enjoyed success over the years thanks to the strength of our relationships, our personally delivered service and our attention to clients’ needs.

“We chose Towergate Health & Protection as the new home for our business as it will enable us to offer the same great service, as well as providing value-adding opportunities for our clients.”

 

Iain Laws, CEO, Towergate Health & Protection said:

“Solutions Healthcare presents a great opportunity to increase our presence in Scotland with a well-respected local business. 

“We’re actively exploring options to expand our health and protection portfolio across the UK and are able to support businesses of all sizes to take their next steps.

“We know that many companies are currently considering the future of their business, and we have a range of opportunities available to help them achieve their ambitions.”

Towergate Health & Protection is a leading whole of market provider of specialist health and wellbeing benefits solutions. The business has grown significantly in recent years and advises more than 15,000 businesses in the UK and around the world.

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ENDS

Notes to Editors

ARDONAGH ADVISORY

Ardonagh Advisory Broking Holdings Ltd is The Ardonagh Group’s SME broking platform comprised of Bravo Networks, Footman James, 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. Visit www.Ardonagh.com

SOLUTIONS HEALTHCARE LTD

Solutions Healthcare is a whole of market UK healthcare broker, based in Glasgow, offering commercial and individual private medical insurance and a diverse range of employee benefits. With more than 30 years’ experience in the industry, Solutions Healthcare offers practical and cost-effective advice to its longstanding client base. For more information visit www.solutionshealthcare.co.uk/

HNH Group acted as exclusive advisor to Solutions Healthcare Limited on this transaction.

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