Towergate kicks off acquisition spree with modest purchase
Towergate Insurance has purchased Tunbridge Wells-based BWA (Insurance Services) for an undisclosed sum.
The broker, formed in 1989 and believed to command £1-2m in GWP in both commercial and personal lines, has relocated to Towergate Insurance in Sevenoaks with all staff retained.
BWA (Financial Services) has remained in Tunbridge Wells trading as a separate business.
Jonathan Walker, CEO of Towergate Retail commented: "This is the first of what we hope will be many acquisitions in the South East of England and it brings a significant and reputable broking team into our business.
"BWA has many
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