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 warned on rating downgrade risk

Fitch Ratings has warned that Towergate Finance faces an issuer default rating (IDR) downgrade in the next two years unless the broker can deleverage further and increase its EBITDA.

Towergate hit by £35m loss

Towergate has announced a loss of £35.4m for the nine months ended September 2011, over £10m more than the £23.2m it lost in the same period of 2010.

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