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 creates London Underwriting centre
David Leathem to join as London director of underwriting.
Broking Break: Your top five of the week
Criminal court cases led the way for reader interest this week coming in at top spot and third place respectively. Brokers were also introduced to new products, Zurich staff cuts and Towergate’s results.
Towergate holding company makes £25.99m pre-tax loss
Losses have decreased compared to the same period in 2015.
Towergate results show it is “back to black”
CFO Mark Mugge says the broker is “building a business for the long term” and has returned to profitability.
Towergate’s adjusted Ebitda drops 16.9% for first half of 2016
Consolidator reports 7% fall in income for six months.
Towergate seals five year £30m deal with N&G
Arrangement with yacht specialist sets sail on 1 October.
Adrian Brown: Towergate Underwriting to focus on specialising
Brown says no deals on current agenda but does not rule out acquisitions down the line. Business also seeking to develop London specialty and private client market.
Broking break: Your top five stories
In the run up to Friday the most read stories include Gable ceasing to write new business, Towergate being fined £2.6m and job cuts at Allianz.
Experts urge brokers to abide by the rules following Towergate's £2.6m fine
The FCA says it has previously issued warnings to the industry on the importance of complying with client money rules.
Towergate accepts £2.6m FCA fine
Consolidator hit by £2.6m fine from regulator for client and insurer money failings.
FCA fines Towergate £2.6m
Regulator discovered a number of weaknesses in relation to Towergate's protection of client and insurer money.
Towergate hires Kay Martin as commercial director
Martin joins from Zurich UK.
Broker Network poised to go down acquisition route
Members give unanimous welcome to prospect of new capital for the network.
Mike Lawton moves to Travelers
Former chief executive of Towergate’s broker division takes vice president of business insurance role at Travelers Europe.
Jobs at risk at Towergate's Milton Keynes office
Broker moves all retail policies to other locations.
Broking break: Your top five of the week
This week's top stories include a ghostbroker, Towergate, how to make money in insurance and flood cover.
Using unrated insurers perilous, say brokers
Market reacts to Gable's declaration that it's pondering a sale.
Towergate holding company posts pre-tax loss of £19.1m
Bondholder report also shows decrease in net cash.
Towergate: 18 month target to solve legacy issues
Towergate management to meet today to discuss relationship with Gable.
Towergate Q1 Ebitda drops nearly 50%
CEO David Ross says broker is “making progress to fix legacy and infrastructure issues".
Sarah Dalgarno moves across to lead legacy resolution unit at Towergate
Firm starts process of recruiting interim chief risk officer.
Martyn Denney and Elizabeth Mills leave Marsh
Network bosses depart after six years with the business.
Ex-Canopius boss Rolfe joins Broker Network
Tim Rolfe left the insurer last March and takes up newly created role at the network.
Broker Network hails new independence
Market welcomes Towergate selling its majority stake, but some have questioned aspects of the deal