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July 06, 2015 3:29 AM ET

Insurance

Company Overview of Towergate Partnership Limited

Company Overview

Towergate Partnership Limited, an insurance intermediary offers personal and commercial insurance products. It offers personal insurance products, such as boat, caravan, home and property, life and planning, military, motor, travel, car hire excess, equine, and school insurance products; and commercial insurance products, including care and medical, financial, liability, property, trade specific, transport, cyber protection, and events insurance. The company also underwrites risks, administers policies, and handles claims and renewals for its brokers and external brokers; provides network services, such as business support services that include marketing, compliance, IT, training, and human ...

Towergate House

Eclipse Park

Sittingbourne Road

Maidstone,  ME14 3EN

United Kingdom

Founded in 1997

Phone:

44 1622 754 754

Fax:

44 1622 754 999

Key Executives for Towergate Partnership Limited

Interim Chief Executive Officer and Director
Age: 43
Executive Chairman
Age: 61
Founder and Non-Executive Deputy Chairman
Managing Director of TRS Poole
Interim Chief Financial Officer
Age: 50
Compensation as of Fiscal Year 2015.

Towergate Partnership Limited Key Developments

Towergate Creates New Retail Broking Division; Announces Executive Changes

Towergate announced that it is creating a new Retail Broking Division. This new division offers a great opportunity to build on retail leadership whether face to face, in offices, on the phone or digitally and to build Towergate's unique client offer as the UK's SME and specialist Broker business. The division will be led by Janice Deakin, who will join the Group as Retail Broking Director on 12 August 2015. The existing leadership teams led by CEOs Mike Lawton and James Tugendhat will work with Janice to transition to this new model and to keep transforming and building the business. In addition, Towergate is also pleased to announce that Sarah Dalgarno will be starting on 4 September 2015 in her role as Chief Risk Officer. Keith Jackson, who had postponed his planned 2014 departure to ensure an orderly handover, will leave following Sarah's arrival.

Towergate Insurance Announces Executive Changes

Towergate Insurance announced the appointment of Oliver Corbett as Interim Chief Financial Officer. Oliver replaces Scott Egan, who has become Interim Chief Executive as part of the recently announced Executive Team changes. Oliver was previously Chief Financial Officer of the London Clearing House. He is also a non-executive director and chair of the Audit Committee of Close Brothers. Marc Vassanelli will no longer be taking up the role as Interim Chief Financial Officer as previously announced.

Towergate Announces Executive Changes

Towergate chief operating officer Michael Rea is exiting as the company confirmed its executive team. Rea, formerly Towergate Insurance Brokers CEO, has been with the consolidator for seven years. The executive team will be led by interim CEO Scott Egan. As previously announced, former Arthur J Gallagher chief financial officer Mark Mugge is joining Towergate as COO. Former Marsh EMEA chief financial officer Marc Vassanelli is to join as interim chief financial officer. They will join the business next week. Former Aviva sales and marketing director UK general insurance John Kitson has been appointed to support Towergate with marketing and communications. The new recruits still to join the executive team are David Ross, appointed CEO, Gallagher commercial director Janice Deakin and Gallagher underwriting and distribution executive chairman Adrian Brown. The new appointments will work alongside the existing members of the executive team: underwriting CEO Clive Nathan, broking CEO Mike Lawton, direct CEO James Tugendhat, human resources director Carole Jones, and chief risk officer Keith Jackson.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 5, 2015
Towergate Financial (West) Limited
Merger/Acquisition
September 2, 2014
The Folgate Partnership
Merger/Acquisition
August 18, 2014
Open International Limited
 

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