Howden has rebranded Punter Southall Health & Protection (PSHP) as part of the integration of the business into its employee benefits arm, Howden Employee Benefits & Wellbeing.
Punter Southall Group agreed to sell its health and protection business to Howden - a privately-owned, global insurance broker - at the beginning of this year, a deal which included Punter Southall Health & Protection along with a number of subsidiary businesses.
Howden said the acquisition significantly expands its international employee benefits and wellbeing capability and gives its clients - both in the UK and internationally - a greater choice of products, services and technology to attract, retain and protect their employees.
Howden Employee Benefits & Wellbeing managing director and global practice leader Glenn Thomas will lead the newly integrated business. PSHP chief executive Paul Johnston has been appointed as Howden UK chief technology officer and John Dean, the former chief commercial officer at PSHP, has become executive director of the merged operation.
Thomas commented: "This is a milestone acquisition for Howden that will significantly strengthen our UK and international growth strategy. Punter Southall Health and Protection is an established market leader in employee benefits and wellbeing consulting and there are many great synergies between our companies in terms of values and our approach to business. Together, we provide a fresh alternative to the global market players. We know that businesses are looking for greater choice and our different approach means we can deliver that."
He added: "Our clients will now have greater choice and access to a range of innovative employee benefits and wellbeing solutions and services including Havensrock Med24, a 24-hour GP service; Havensrock Thrive, an NHS approved mental health app; RedArc specialist nursing services; and cutting-edge employee benefits technology and data analytics solutions, delivered by Psyon."
Thomas concluded: "The employee benefits and wellbeing market needs greater competition and we can offer a new and very genuine alternative to the global players. We want to create ‘simply the best in class' business in our sector, recognised for our innovation, great client service and propositions. And as an employee-owned business with a ‘People first' ethos, we want to be a great place to work and to continue to attract the best in the industry."
Johnston added: "Joining Howden is a new and exciting chapter for us. Howden's international scale and independent structure means it is agile, flexible and can respond quickly to market needs. Howden shares our entrepreneurial spirit and focus on innovation and together we plan to be at the forefront of driving new employee benefit and technology solutions."
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