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Towergate call centre move could be risky

telephone-reciever

Mixed reaction by brokers to Towergate centralising SME operation

It was a month of mixed news for Towergate. The consolidator announced that 750 roles were to go, as part of plans to move its personal lines and SME business to a call centre-based system, operating out of Manchester.

This was followed a few weeks later by Towergate buying Arista for an undisclosed amount. The purchase of the managing general agent was the more obviously positive story for the business. However, Mark Hodges, the broker’s CEO, managed to maintain an upbeat outlook on the

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Aviva responds to Direct Line’s £10.6m fine

Aviva has confirmed it was fully aware of the ‘historical’ accounting errors that have led to the Prudent Regulation Authority hitting Direct Line Group with a £10.6m fine and stated there will be no impact on the integration or the financial benefits it expects from the takeover.

PRA fines Direct Line underwriter £10.6m

The Prudential Regulation Authority has fined UK Insurance Limited, a subsidiary and principal underwriter of Direct Line Group and now part of Aviva, £10.625m for a miscalculation of its Solvency II balance sheet during 2023 and 2024.

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