Towergate Group
Towergate is a familiar name in the Top 100 and is another business founded by Peter Cullum. It is now part of the Ardonagh Group which is helmed by David Ross.
Towergate features in the Insurance Age Top 100 Insurance Brokers 2021 listing. Find out what other companies made the cut.
Towergate's future far from resolved, say industry figures
Some think a sell off of parts of the business is likely.
Gallagher should trade with Towergate, confirms Lyons
Interim chief executive hails “conclusion” of sales process as bringing stability to broker.
Towergate planning for up to £85m mis-selling bill for financial division
Potential payments relates to past advice given to customers on ETV and UCIS.
Towergate Ebitda drops 24% for 2014
Broking division posts 32% fall in Ebitda results.
Towergate secured creditors win race for consolidator
Deal will see debt cut by 60%.
Suitors line up for Towergate
Creditors group offers £1 plus £715m debt deal to buy consolidator
NCI takes sales chief from Broker Network
Two new starters tasked with pushing growth plans including schemes with brokers.
Creditors offer £1 plus debt for Towergate
Formal offer submitted but Towergate still open to further approaches.
Rural takes six from Towergate
MGA opens Darlington office with six staff from Towergate-owned BIB.
American private equity firm joins battle for Towergate
Apollo is thought to be preparing a £715m debt-for-equity swap.
Senior creditors express interest in acquiring Towergate
Proposal consists of £1 plus debt bid.
White outlines Biba’s achievements in 2014
Biba boss Steve White looks back on 2014 and considers how the government is working to combat fraud.
Towergate trading update reveals further income falls
Troubled consolidator warns of delays on insurer deals.
Towergate? Marsh? Gallagher? Das? What made the news in 2014?
Your most popular stories of 2014.
Allianz renews deal with Broker Network
Insurer renews partnership with Towergate-owned network for further three years.
Gallagher opens office in Cornwall with four recruits from Towergate
Broker sets out plans to grow in the region.
Latest ratings blow for Towergate
Fitch downgrades consolidator for the second time in four weeks.
Lyons: client policies are “absolutely not” at risk
Part two of an exclusive Q&A with the consolidator’s interim executive chairman.
Towergate boss tackles: the sale progress so far, bidders, creditors and rivals’ reactions
An exclusive Q&A with Alastair Lyons, interim executive chairman at the consolidator.
Moody’s downgrades Towergate again
Second downgrade in a month takes Towergate deeper into ‘junk bond’ territory.
Griffiths & Armour targets across the board expansion
Broker looking to grow in corporate risks after recruiting six former Towergate staff to its professional risks division.
Griffiths & Armour takes six from Towergate
Broker expands professional risk division with former Towergate Professional Indemnity staff.
Fusion opens for business in Manchester
Towergate-owned firm’s network expands to seven offices.
Editor's letter - December 2014
“‘Insurance is a people industry’… But it is precisely the people who are at risk of being forgotten in the quick-fire way this story is unfolding”