No need to restructure Towergate network division, says Hodges
Towergate has posted a “strong set of results in the round” according to group CEO Mark Hodges.
He told Insurance Age that momentum had been maintained, but conceded: “Network had a much tougher year from a performance perspective.”
According to Mr Hodges the breakdown in the relationship between Aviva and Broker Network was “obviously a contributing factor” to the division’s 19% drop in income.
However he also said that he did not know whether a merger of Broker Network and Countrywide was on the cards in 2013.
No restructuring necessary
He stated: “I don’t think there’s a need to
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