Hodges insists £15m misallocation has been "immediately rectifed"

magnifying glass

Towergate Group CEO Mark Hodges has insisted that the £15m misallocation of client and insurer monies has been "immediately rectified".

The broker's 2013 Q3 bondholder report today flagged up the issue which took place between November 2007 and January 2011.

Speaking to Insurance Age Hodges insisted that the issue has been taken "seriously".

"This is a historical issue which was immediately rectified, there has been no impact on our earnings, clients and insure partners - this doesn't change 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: