Towergate picks up BPS business
BPS Insure has gone into administration, with Towergate Underwriting Group acquiring its mixed comme...
BPS Insure has gone into administration, with Towergate Underwriting Group acquiring its mixed commercial and personal portfolios.
Towergate secured the right to renew the £20m gross written premium portfolio from the administrators in a deal authorised by the Financial Services Authority (FSA).
Peter Cullum, Towergate executive chairman, said: "We are saddened that such a large brokerage has gone into administration but we are pleased we have been able to secure this book which fits so well with
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