Towergate expects growth to continue

Towergate Underwriting Group's chairman and chief executive, Peter Cullum, predicted another 20% of growth in the coming year as his specialist insurance company reported a fifth year of expansion.

The firm has reported expected premium income for the year to December 31, 2002 of £205m, up by 20%, and unaudited operating profits up by more than 30% to £12m.

Towergate was launched five years ago by the former Economic Insurance management team of Mr Cullum, Paul Dyer and Tony Proverbs. Its aim

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