Successors sought for £1bn Folgate business

Folgate executive chairman, Peter Cullum, has said the group is aiming to have a premium income of £...

Folgate executive chairman, Peter Cullum, has said the group is aiming to have a premium income of £1bn by the end of 2005, which would more than double its current £460m.

The announcement was made during the joint Folgate/Towergate launch of an academy to secure the group's succession planning.

Cullum added that both he and Andy Homer, chief executive of Folgate, may only have a shelf-life of three years and needed to ensure future leaders of its projected staff of 3000 by 2005.

Towergate is also

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