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 bondholder report reveals increasing losses along with acquisition costs
Towergate’s first quarter bondholder report has revealed that losses on ordinary activities worsened to £18.6m in the first three months of 2013 from £14.7m at the start of 2012.
Towergate sees first quarter profits fall
Towergate has reported a 2% drop in operating earnings to £33.8m for the first quarter of 2013, from £34.6m in the first three months of 2012.
Former Towergate executive joins Ashgrove Insurance
One of the original founders of Towergate, Tony Proverbs, will join the board of Lancashire-based Ashgrove Insurance and holding company Northern Keep.
Towergate swoops for former BGL man
Towergate Insurance has unveiled former BGL and Capita man Derek Henry as group carrier relationship director.
Bluefin misses out on Fusion duo
Bluefin CEO Stuart Reid has admitted that the broker's attempt to recruit Fusion Insurance directors Nick Wright and Stewart Gardiner has proved unsuccessful.
Towergate confirms North Lincolnshire broker captures
Towergate Insurance has swooped for two brokers in North Lincolnshire in a bid to expand its broking footprint in the region.
Towergate retains chartered status
Towergate has claimed it remains the only company to hold chartered insurance broker and chartered insurer status following the renewal of both awards.
PowerPlace becomes Biba member
PowerPlace has joined the British Insurance Brokers' Association (Biba) as it targets making a "valuable contribution" to the trade body's success.
Towergate-owned CCV wraps up Waveney Insurance Brokers deal
CCV has bought East Anglia-based Waveney Insurance Brokers, Insurance Age can reveal.
Lorica takes four from Towergate in regional hire sweep
Lorica Insurance Brokers has added five new recruits across the UK.
Bluefin CEO would "welcome" Fusion directors
Bluefin CEO Stuart Reid has admitted that Fusion Insurance directors Nick Wright and Stewart Gardiner would be "welcome additions" to the broker.
Towergate confirms £396m bond offering rate
Towergate has announced the pricing of £396m of debt, in the form of senior secured notes due in 2018.
Products: Towergate provides discount scheme for armed forces and veterans
Towergate Insurance has launched a discount scheme for the UK’s armed forces and veterans, with the Defence Discount Service, a partner of the broker since October 2012.
Towergate bondholder report reveals £11.6m PowerPlace loss
Towergate racked up an £11.6m loss on the sale of PowerPlace, its annual bondholder 2012 report has revealed.
Towergate looks to bond markets to refinance debt with £396m deal
Towergate has turned to the bond markets in a bid to refinance "certain existing debt instruments".
Towergate looks north with twin appointment
Towergate Insurance has completed two senior moves on the back of its recently announced UK regional restructure.
Moody’s downgrades Towergate as Fitch opts for stable outlook
Moody's Investors Service has downgraded the ratings of Towergate citing the “continued significant levels of financial indebtedness”.
No need to restructure Towergate network division, says Hodges
Towergate has posted a “strong set of results in the round” according to group CEO Mark Hodges.
Towergate reports loss of £6m for 2012
Towergate has posted a £6.1m group pre-tax loss for 2012.
CCV makes double broker purchase
CCV acquired Morgan Brokers and its subsidiary M Wood Insurance Services, Insurance Age can reveal.
Broker Network and Countrywide unveil double senior moves
Broker Network and Countrywide have unveiled a double senior appointment with the arrival of former Axa man Dave Wilkins and the promotion of Emma Parr.
Looking fabulous in yellow – just what is going on at Aviva?
Losing Janice Deakin to Gallaghers is a body blow to Aviva and their relationship with brokers. No matter how they try to dress it up.
Saulter leaves Towergate for Davies
Davies Group has appointed Dan Saulter, formerly group M&A director at Towergate, as its new chief executive.
Towergate launches UK armed forces discount scheme
Towergate Insurance has launched a discount scheme for the UK's armed forces and veterans.