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QBE wins Towergate property account

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QBE has confirmed that it has entered into an agreement to be the insurer for Towergate’s commercial property owners business.

As revealed by Insurance Age, the book of business, previously held by Axa, involves business in the region of £40m and will double the size of QBE’s property account.

Bernard Mageean, managing director, property - QBE European Operations, commented: “We are delighted to be working in partnership with Towergate on such a successful area of business. This is a fantastic opportunity to make a significant impact in the UK property owners sector by using our specialist expertise. It also supports

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