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.
Talking points in 2015
The upcoming year will bring more of the same as the last 12 months and there will be a few big issues to deal with over 2015, says Tony Cornell
Speculation rife over Towergate’s future
What are the next steps for the troubled consolidator?
Towergate sells Hayward Aviation to JLT for £27m
Consolidator pursues strategy of selling small non-core businesses to ease problems.
Duggan leaves Paymentshield
Chief executive exits Towergate-owned Paymentshield.
Towergate issues bondholder call for bids
Broker writes to bondholders to invite bids to buy the business.
PowerPlace expands sales team
Peter Bowen is promoted to broker sales manager for the UK and Mark Legge joins as account manager.
Prestige takes two from Towergate
Alison Williams, Suzanne Meare and Tim Baxter join the firm and Gillian King is promoted to sales and group marketing director.
Strachan steps down from Towergate
Non-executive director for group risk and compliance exits consolidator.
Axa partners with Paymentshield
Deal predicted to be worth £20m of GWP over five years.
Christmas in insurance land ....
With Christmas just around the corner, up pops Towergate with a festive whodunnit - or perhaps more accurately: who's going to buy it?
Bondholders express support for Towergate
Groups of the company's bondholders have issued statements in support of Towergate.
Market responds to Gallagher ending business with Towergate
Development comes just over a week after Towergate confirmed it is up for sale and has cash flow issues.
Ecclesiastical takes Carroll from Towergate
Insurer unveils new regional director for the North.
Thistle takes six from Towergate
Slew of senior hires for JLT-owned Thistle and Compass businesses.
Towergate bondholders add debt restructuring specialists to team
Peter Cullum and Andy Homer could also be set to swoop.
Broker Network says it remains a "dominant force”
Towergate-owned network insists trading position is “good” following £55m valuation drop.
Cullum’s shareholding in Towergate drops to 20%
Advent’s holding jumps to 68%.
Moody’s downgrades Towergate
Ratings agency warns of possible further downgrades.
New MGA targets UK and Irish brokers
Imperium Insurance aims to write £50m of GWP in five years.
Competitors react to Broker Network's £55m value reduction
Troubled Towergate's network division has faced challenges for years.
Towergate and the liquidity issue
Financial commentator said banks may determine broker's future.
Towergate sold Folgate for £1.9m
Troubled Towergate sold Folgate for £1.9m in August to APC.
Fitch downgrades Towergate
Ratings agency also keeping a negative watch on the company.
Troubled consolidator tight lipped over bidders
Hunt for new CEO suspended.