Sales at Towergate Partnership increase by 30.9%
Sales at Towergate Partnership increased 30.9% to £709m of gross written premium for the first half of the year.
However, the broking group insurer said the impact of its new business had been "somewhat offset" by the continued soft market rates.
Towergate's income increased by 32.4% to £161m, and earnings before interest, tax, depreciation and other non-operating costs rose by 36.7% to £67m against £49.0m in the first half of 2006.
"These increases, relative to the increase in GWP, highlight the positive impact of our 2006 acquisitions as they continue to settle in and realise the benefits derived from
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