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.
Autonet expands into Manchester with new office
Broker recruits 80 people from Towergate’s former SBU unit.
A-Plan backer HGCapital set to swoop for KGM Insurance
Two businesses to sit as independent firms in the new ownership structure.
Fusion launches cyber product backed by Hiscox
The cyber and data protection product is available to brokers nationwide.
Editor's letter - February 2017
“Brokers have to give customers what they want and need in the way that they choose to buy”
Broking Break: Your Top Five
Towergate and Allianz hogged the limelight this week while brokers were also interested in a $200bn insurance stress test.
Steve Wood to leave Paymentshield
Kay Martin to take on reponsibility in addition to commercial director at Towergate.
News analysis: Towergate unit was “destined to fail”
Brokers question logic of opening call centre as consultation on future of Manchester unit begins
David Ross: Money was wasted on Manchester
Towergate chief promises to spend latest £57m investment “very wisely”.
Multi-million pound investment in Towergate
Proceeds to be used for “several key strategic initiatives”.
Towergate to close small business unit
176 staff at the Manchester-based office are at risk of redundancy.
Towergate extends farm partnership with Axa
The broker’s farming MGA AIUA has announced a deal believed to be in the region of £45m.
Towergate Underwriting's Alex Fletton reviews 2016 and looks ahead to 2017
The firm's head of personal lines on loyalty, wanting to work in insurance, commuting and renewal pricing transparency.
Fitch downgrades Towergate bond
The ratings agency notes “slow” progress on transformation plan and maintains negative outlook.
#insagepeople: 5 - 11 December 2016
Keep up to date with all the latest people moves.
David Ross upbeat on organic growth at Towergate
CEO hails foundations in place with stable workforce.
Ebitda rises despite income fall at Towergate in Q3 2016
CEO Ross says consolidator has reached a “milestone”.
#insagepeople: 21 - 27 November 2016
Keep up to date with all the latest people moves.
Broking Break – Your Top Five
From investments to technology, from acquisitions to innovations and liquidator revelations it has been another action packed week in broking.
Towergate’s Fusion teams up with Tokio Marine as it parts ways with QBE
MGA’s new £150m capacity arrangement to run over five years.
Madison Dearborn Partners becomes second largest Towergate shareholder
Tango Investments buys up 17.9% of voting rights.
Market surprised by Reid's Gallagher exit
Reid is fifth person to leave UK Retail CEO role in five years.
Stuart Reid leaves Gallagher
Michael Rea to lead UK retail business.
Autonet posts £9m profit in 2015
The firm saw profit jump some 19 percent last year in the run up to the sale.
Acquisitions on the horizon, says Autonet’s Donaldson after HPS purchase
Deal valued the broker at north of £100m.