News review: January - Towergate booms

Towergate Underwriting Group's chairman and chief executive, PeterCullum, predicted another 20% expansion for his firm in the coming year asthe specialist insurance provider reported a fifth year of growth.

Towergate's expected premium income in the year to December 31, 2002 wasup 20% to £205m, and unaudited operating profits rose by more than 30% to£12m.