Deal opportunities grow for Towergate as brokers seek to sell amid pandemic
Towergate’s Joe Thelwell discusses the broker’s Q1 2020 deals and reveals he is receiving calls from brokers wishing to sell as coronavirus exacerbates the hardening market.
The hardening market, which has been accelerated by the coronavirus pandemic, has led to a number of calls to consolidators from brokers wishing to sell.
That is according to Towergate CEO Joe Thelwell who spoke to Insurance Age about the Towergate deals revealed in the Ardonagh results for Q1 2020.
“More brokers are keen to talk to us because of Covid. The market is hardening and brokers are struggling to get placement.
“Brokers then want to sell to someone like Towergate because they want
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