Skip to main content

Hodges "feeling positive" despite Towergate's £41m loss

Mark Hodges

Consolidator chief says 2015 will see a turnaround in the business.

Mark Hodges, Towergate CEO, has stated that he is “feeling really positive about where the business is”, following the publication of the company’s 2013 results.

They revealed a £41m loss, with tumbling income in both the Paymentshield and network divisions.

Hodges commented: “Towergate is a strong business. Operating earning is a headline that you would prefer to be different but we are growing our underwriting business and our direct business.”

He pointed out that Towergate had invested a lot

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 info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Broking Success: Tim Forshaw, Tower Insurance Brokers

Fresh from its first deal and with a goal of more than doubling to £100m GWP, Tim Forshaw, CEO and founder of Tower Insurance Brokers, outlines why the business is targeting niche mutuals and the benefits of bringing global broker knowledge to local firms.

MBP takes minority stake in £32m GWP broker

Insurance investment vehicle Minority Broker Partnerships has acquired a minority stake in Caleb Roberts Insurance Services, an independent agricultural and rural insurance broker operating across Mid Wales, Herefordshire and Shropshire.

Most read articles loading...

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: