Towergate looks set to snap up Folgate.
Broker-only insurer Folgate is set to be bought by Towergate by the end of October. Towergate is the...
Broker-only insurer Folgate is set to be bought by Towergate by theend of October. Towergate is the exclusive and preferred bidder in the
£20m deal with Folgate's parent company Wustenrot & Wurttembergische.
The deal puts a question mark over Folgate's plans to expand its
188-strong broker base to 250 by the end of the year, although Towergate
is said to be enthusiastic about Folgate's broker network. Peter Cullum,
Towergate chief executive, has said there will be no redundancies as a
result of
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