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.
Ardonagh reports growth in income in Q3 2021 update
Consolidator says it completed £125m of investment in Q3 including its purchase of Usay Group in the UK, as it reports significant reduction in loss for the first nine months of the year.
In Depth: Schemes and the pandemic
Reporter, Cristina Diciu, explores how the schemes market has developed since the onset of Covid-19 in the first of our three articles produced in association with Travelers.
In-depth – Niche markets: Getting to grips with the gig economy
The gig economy is growing fast and extends far beyond delivery and taxi services, which are often seen as the mainstays of this sector. Edward Murray investigates how the insurance industry is responding to new ways of working and what the opportunities…
People moves: 20 - 24 September 2021
Keep up to date with the latest people moves.
Zurich replaces Axa as AIUA capacity provider
The five-year deal with the Ardonagh-owned specialist agricultural underwriter is valued at £105m.
Gary Duggan named Tesco Underwriting interim CEO
He replaces Steve Kingshott, who has taken on the Saga CEO position that Duggan vacated in 2020.
Towergate launches commercial and property quote and buy scheme
The broker has teamed up with SchemeServe to develop the platform which offers a combined commercial and residential property owners’ scheme.
Ardonagh Advisory to purchase PMI specialist Usay Group
The Cirencester-headquartered business, which has 195 staff, will add to Adonagh's PMI proposition.
People moves: 26 - 30 April 2021
The key job changes in the world of insurance this week.
Blog: Ardonagh's swoop for 'brand Bayles' is a logical one rooted in past success
As Phil Bayles becomes the latest Aviva senior manager to join Ardonagh, Jonathan Swift suggests that having built his 'brand' at the insurer, he is well primed to now make his mark in the broker space.
Towergate snaps up Swansea-based broker
Move follows hot on the heels of its purchase of the corporate retail book of business from AFL Insurance Brokers.
Towergate buys AFL Insurance Brokers retail book
The move follows Specialist Risk Group’s acquisition of its wholesale division.
Ex-Towergate and Aviva boss Mark Hodges to join RSA
Hodges will become chair of RSA UK&I once the proposed sale to Intact is completed.
People Moves: 1 - 5 March 2021
Stay up-to-date with the latest personnel changes in insurance.
Analysis: Are we moving towards market failure for high-rise buildings?
PI and property rates were hit hard following the Grenfell fire horror. Martin Friel investigates the wider insurance implications but is met with deafening silence from providers as brokers sound the alarm.
BLW takes director from Gallagher as it expands into Scotland
Sandy Brownlee joins the wholesale broker to maintain and develop relationships with Scottish brokers and direct customers.
Ardonagh reveals 14.4% growth in adjusted Ebitda
The business says it has a "robust forward-looking pipeline" after making five deals in Q3 2020.
ICO confirms investigation into Ardonagh cyber incident
Ardonagh says it has found no evidence of customer, carrier, or broker data leaving its estate as the Towergate website remains unavailable.
Ardonagh reports adjusted Ebitda of £99.9m
The Towergate and Atlanta parent published results for the first six months of 2020 and reveals prices for Arachas and Bravo Group.
Brokers expect bold first move from Aviva's new leader Amanda Blanc
Experts predict she will focus on expanding the business rather than carving bits off, while one broker warns "heads will roll" on the provider's top team.
Amanda Blanc replaces Tulloch as Aviva CEO
Maurice Tulloch has retired for family health reasons.
Praise for Ardonagh’s Broker Network move but Fitch downgrades
News Analysis: Experts say the deal to buy Bravo Group and Irish business Arachas signals how far the company has come since David Ross took the helm at flailing Towergate in 2015.
The Blog Spot: Ardonagh and Broker Network - will this lockdown family reunion have a happy ending?
With Broker Network returning to the fold, Insurance Age content director Jonathan Swift reflects on why Ardonagh Group is looking Back to the Future as its plots post pandemic growth.
Deal opportunities grow for Towergate as brokers seek to sell amid pandemic
Towergate’s Joe Thelwell discusses the broker’s Q1 2020 deals and reveals he is receiving calls from brokers wishing to sell as coronavirus exacerbates the hardening market.