Towergate buys £14m worth of HHH's schemes business
Towergate Underwriting Group has acquired part of Hill House Hammond (HHH)'s specialist scheme business for an undisclosed sum. The group, headed by Peter Cullum, is understood to have signed heads of agreement for the business, which handles gross written premium (GWP) of about £14m.
Tim Johnson, Towergate's chief executive officer, said: "We have long had a high regard for Hill House Hammond's scheme expertise, and the acquisition is a perfect fit with Towergate's own portfolios. This latest
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