Towergate means business with hires of Deakin and Brown - market reaction
Brokers said the firm is building a formidable team and the signs point to acquisitions.
Towergate's announcement that Janice Deakin and Adrian Brown will be joining the consolidator as new senior executives is a clear statement of intent according to brokers.
They now make it three former employees of Arthur J Gallagher's management team who have made the switch to the consolidator following David Ross' move two weeks ago.
Ross was appointed CEO of Sierra Investment Holdings, a company set up to enable the unsecured creditors' recent takeover of Towergate, with the intention that
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
Wallace: QBE reaping benefits of focus on ‘holy grail of service’
QBE’s consistency and lack of upheaval in contrast to some of its peers has helped it become a “viable alternative” for regional brokers.
Eleven Network launches directly authorised offering with 125 members target
Acrisure-owned Eleven Network has launched an offering for directly authorised brokers, delivering on a promise made after the deal for appointed representatives specialist Ten.
Biba 2024: Gallagher’s Peter Matthews upbeat on prospects for North West
Gallagher’s area managing director for the North has hailed ongoing organic growth in the North West and improved insurer service as the broking giant eyes up more acquisitions.
RSA teams up with MGA to launch management liability product
RSA Insurance in partnership with the PIB Group-owned MGA Q Underwriting has launched a new management liability product.
FCA improves all broker-impacting authorisation metrics
The Financial Conduct Authority has built on its steady progress in delivering authorisations with an across-the-board improvement in the areas affecting brokers.
MGA launches SME and mid-market e-trade platform
Specialist mid-market and SME managing general agent Generation Underwriting has launched a digital e-trade platform.
Arch goes live on Applied
Applied has confirmed that Arch Insurance has launched a specialist property owners insurance product on its commercial e-trading panel.
Biba 2024: FCA to take its time on transparency proposals
Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator was “overwhelmed” at the response and amount of feedback to its transparency proposals, and that it is going to “really take our time” when considering any possible next steps.
Most read
- ‘Not right’: Biba CEO Trudgill reveals sad letter of small broker crushed by regulation
- Jensten wholesale division split sees MD Simon Taylor exit
- Biba 2024: Aviva not afraid of ‘tough’ conversations, but ‘categorially’ committed to broker PL, says MD Morris