The Interview: Let the games begin

Matthew Reed

Peter Cullum has promised to take Matthew Reed's team to the Olympics if they hit their target of £1bn GWP by 2012. Louise Meeson hears why the CEO has every confidence in leading PowerPlace to success.

Matthew Reed may have only taken up the helm as chief executive of Towergate-owned PowerPlace in October last year but he has hit the ground running and the pressure is well and truly on. Towergate executive chairman, Peter Cullum, says he expects the fledgling business, which was only formally launched in April 2009, to be writing £100m gross written premium (GWP) by the end of this year and £1bn GWP by 2012, promising to take the whole team to the Olympics if they succeed. While many would

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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