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.
Moody’s downgrades Towergate
Ratings agency warns of possible further downgrades.
New MGA targets UK and Irish brokers
Imperium Insurance aims to write £50m of GWP in five years.
Competitors react to Broker Network's £55m value reduction
Troubled Towergate's network division has faced challenges for years.
Towergate and the liquidity issue
Financial commentator said banks may determine broker's future.
Towergate sold Folgate for £1.9m
Troubled Towergate sold Folgate for £1.9m in August to APC.
Fitch downgrades Towergate
Ratings agency also keeping a negative watch on the company.
Troubled consolidator tight lipped over bidders
Hunt for new CEO suspended.
Towergate plays down cashflow fears
Troubled consolidator holding talks with bankers.
Marsh tipped as front runner for Towergate takeover talks
Mounting speculation in broker market as to who could buy the troubled consolidator.
Towergate up for grabs
Could the broker be split into bits?
Towergate’s net borrowings hit £977.5m
Bondholder report shows a total loss of £85.9m for the third quarter of the year.
Towergate broker division reports 18% fall in operating earnings
Broker Network’s earnings also dropped, by 4% according to Q3 results.
Towergate admits to operational cash flow "uncertainties"
Bondholder report shows net cash outflow of £59m before financing.
Towergate losses increase as income falls
Consolidator confirms takeover "approaches".
Towergate confirms takeover bid approaches
Consolidator appoints Evercore and Rothschild as joint advisers.
Pen Underwriting confirms Bristol and Leeds office openings
Gallagher-owned MGA to open both branches before the end of the year.
Towergate: Who could be in the frame to lead?
We select some potential candidates from the broking, insurance and business world.
Editor's letter November 2014
“Uncertainty… is not something that any of them should dare leave to fester”
Market uncertainty over Towergate
Towergate chief executive’s resignation sparks industry speculation over the business’ future plans
Towergate confirms SME insurance panel
Consolidator names seven insurers for standard SME business.
Towergate leadership team revealed
Membership of Towergate leadership team confirmed following management restructure.
Towergate appoints Tim Redburn
Redburn left Barbon to focus on “turnaround and restructuring work”.
Broker Network names five new members
Towergate-owned business claims best month since 2012 for new members.
Fitch warns of uncertainty at Towergate after Hodges’ departure
Ratings specialists flag that time to taken to appoint new CEO could impact strategy.