Towergate strengthens affinity business
Towergate has acquired Kent-based affinity specialist, Woodgate & Partners.
Under the deal, all 29 staff and directors will make the move to Towergate and the team will continue to be led by chief executive, John Harrison.
Established in 1972, Woodgate & Partners is a general commercial and financial services broker handling £8m in gross written premium. The firm has a particular strength in affinity schemes for exhibitions, events, salons and beauticians and was granted approval as a Lloyds broker in 2007.
Peter Cullum, executive chairman of Towergate said: “Woodgate & Partners is a very good fit with our profile. They are a well-run team that will strengthen our portfolio of affinity schemes business. We’re also delighted to have increased our presence in Kent through the acquisition of this leading regional broker.”
John Harrison, chief executive of Woodgate & Partners added: “We have always strived to offer our clients a quality product at competitive rates backed up by expertise in our specialist areas. I am delighted that, with the backing of Towergate, we will be able to improve our product and service offering even further”.
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