Towergate sees first quarter profits fall

mark-hodges-8

The consolidator did however report an increase in gross written premium to £757m for the period (Q1 2012: £743m) as group income rose 3% to £107.8m.

By division, the broking giant revealed a 6% rise in operating earnings in retail to £15.2m as underwriting also rose by 4% to £9m.

However, the woes of the network division continued with a massive 50% fall in operating earnings to £1.3m and a near one-third decrease in income to £3m (Q1 2012: £4.5m).

Paymentshield also saw income drop, in this

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: