Towergate ‘not entitled to ignore warnings from Gable’s auditors’, claims pub wanting £3.3m payout
Pub chain claims Gable was in precarious financial position and Towergate did not advise properly. Towergate business denies the allegations.
Towergate Underwriting should have advised a hospitality client to have its insurance with a more ‘financially sound insurer’, it is claimed in court documents.
Few Inns wants £3.3m compensation over a Towergate-advised Gable policy that failed to pay out. Gable closed new business in July 2016 amid a capital shortfall.
The court case kicked off in May when Few Inns launched a legal claim alleging that when it purchased the insurance Gable was ‘subject to a financial downgrade’.
Towergate
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