Open GI buys PowerPlace


Peter Cullum, a major shareholder in Towergate, is also the majority shareholder in Open GI.

When asked if Mr Cullum had been involved in the transaction a spokesperson for Towergate replied: "Given the natural conflict of interest Peter was not involved in the discussions regarding PowerPlace."

Open GI stated that all 48 staff currently employed by PowerPlace will move across, including CEO Nick Giddings.

In turn Towergate revealed that it has signed a three-year deal with Open GI "ensuring the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: