Broking Break: Your Top Five
Combining of UK GI businesses, senior underwriting departures, an MGA launch, storm clouds on the horizon for the insurance industry and a possible sale were the most read story of the week.
5. Towergate backers bring together UK GI businessesHPS Investment Partners (HPS) and Madison Dearborn Partners (MDP) have stated that they are bringing together their UK regional network of businesses, including Autonet, Chase Templeton, Ryan Direct Group and Towergate Group.
The combined insurance giant is expected to collectively generate in the region of £2.8bn gross written premium (GWP) and an annual income of £500m. Over 5,000 people will be employed
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