Editor's comment

So it has come to pass, since I wrote this comment last month, that Towergate has indeed purchased the largest general insurance broking network in the UK, the Broker Network (TBN). At the time of going to press, Towergate is in control of 8,499,420 of TBN shares, representing approximately 55.2% of the existing issued share capital of the network. TBN directors are also unanimously recommending that its shareholders accept the offer.

It has, of course, come as no surprise, especially with the