New CEO in place for PowerPlace
Appointment comes as part of sales focus for Towergate's subsidiary
PowerPlace has appointed Matthew Reed as its new chief executive officer. The former sales & marketing director for Towergate Risk Solutions joined the group in 2008.
Since PowerPlace's launch earlier this year, over 300 brokers have signed up and so far it has reached an annual premium run rate in excess of £20m, with monthly new business levels of over £1.5m.
Towergate Partnership executive chairman, Peter Cullum said he expected the business to be writing £100m GWP by the end of 2010.
PowerPl
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