Origen has sold its healthcare business to Towergate healthcare, a trading name of Towergate Underwriting Group.
The deal includes six Origen staff and its book of private medical insurance business. However, the terms of the sale have not been disclosed.
The two firms have also agreed a strategic partnership, meaning Towergate will provide healthcare services to Origen clients in the future.
Origen managing director Stephen Greenstreet (pictured) says: “Having reviewed developments in the healthcare market, we concluded that the ongoing level of research, analysis and resource required for Origen to continue to deliver these services in-house was significant, and did not make sense for us or our clients. The longer term interests of our clients will be better served by establishing a strategic partnership with a specialist healthcare adviser.”
Towergate Healthcare managing director Tina Jennings says: “The profile of customers currently taking specialist healthcare insurance advice from Origen is a perfect fit with our business. By bringing this team into Towergate Healthcare, we are expanding our expertise into some exciting new areas which we hope will lead to immediate growth and access to new business opportunities.”