Market reacts to Cullum and Homer exiting Towergate

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Duo praised for huge impact in transforming the market.

Last week Insurance Age could reveal that Towergate founder Peter Cullum and non-executive director Andy Homer had left the company and the news came as no surprise to industry figures.

Ashwin Mistry, chairman of CII and Brokerbility, highlighted that this was the right move for Cullum and Homer and said that "they have served the company exceptionally well and now it's time to allow David Ross and the new team to get on with it".

Terry Stanley, chief executive of BrokerDirect, agreed that this

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