Towergate Group
Towergate is a familiar name in the Top 100 and is another business founded by Peter Cullum. It is now part of the Ardonagh Group which is helmed by David Ross.
Towergate features in the Insurance Age Top 100 Insurance Brokers 2021 listing. Find out what other companies made the cut.
Towergate posts £58m half-year loss
Income drops 10% for first six months of 2015.
Egan to leave Towergate on 14 September
Move confirmed as Ross legal case settled with Gallagher.
Towergate makes trio of appointments to new City branch
Richard Morgan, Tim Simpson-Lee and Richard Turner step on board.
Broker Network chief bullish on “different environment”
Network figures show declines in membership, turnover and profit in 2014.
Maciver to target regional brokers in GRP push
Global Risk Partners CEO David Margrett hopeful of more deals before the year end.
Ex-Towergate deals-chief Maciver joins Cullum-backed GRP
Kenny Maciver to work on mergers and acquisitions at Global Risk Partners.
Towergate “most prolific” in affinities
Report says brokers driving commercial lines affinity insurance market.
Broking break: Top five stories of this week
In case you missed them, here are the top stories rocking the broking world this week.
Towergate creates new London operation
Towergate also renames its Central Region.
Lorica opens in Bournemouth
Staff from Towergate, Bluefin and Coleman to manage the branch
LV teams up with Towergate Underwriting in £110m deal
Partnership set to run for five years.
Court documents: Ross claims trust breach annulled his contract with Gallagher
Ex-Gallagher International CEO gave notice of the termination of his service agreement by letter on 2 June.
Court documents: Ross to appoint mediator in dispute with Gallagher
Mediations between Gallagher and all three defendants to be held confidentially.
Brokers unsurprised by Egan RSA move
Market does not believe move indicates further troubles at Towergate.
Towergate appoints Mugge as CFO
Broker also confirms Scott Egan's departure from the company.
Towergate’s Egan moves to RSA
Consolidator’s interim CEO to join RSA as group chief financial officer.
Hyperion takes Towergate CFO
Oliver Corbett to join Hyperion as chief financial officer.
Towergate restructure cost £12.4m in Q1 2015
Bondholder report reveals cost of financial restructure, regulatory costs and expenditure around reorganisation of business.
Towergate bondholder report puts 2014 loss at £803.5m
Ebitda down sharply.
Towergate bought Arista Insurance for £16.7m
The figure is revealed in the consolidator's 1st quarter 2015 bondholder report.
Egan hails green shoots of recovery as Towergate moves past Q1
Consolidator's interim CEO says staff will be keen to work with incoming retail boss Janice Deakin.
Towergate confirms Janice Deakin will lead new retail broking division
Lawton and Tugendhat will report to Deakin who starts at consolidator on 12 August.
Towergate's operating earnings dropped nearly 50% in Q1
Interim CEO Scott Egan says consolidator has passed through the eye of the perfect storm.
Bluefin appoints Amber Wilkinson as interim CFO
Broker says the CFO position replaces the COO role following the departure of Tim Philip.