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 ...
Maidstone, ME14 3EN
Founded in 1997
Towergate Announces Earnings Results for the Six Months Ended June 30, 2015
Aug 26 15
Towergate announced earnings results for the six months ended June 30, 2015. The company's operating earnings decreased by 40% to £39 million against £65 million a year ago, alongside a 10% drop in revenues to £184 million for the period. Profit before tax at the consolidator fell from £15 million in the first half of 2014 to a loss of £58 million this year and operating cash flow dropped by 72% to £12 million against £43 million a year ago.
Towergate Announces Executive Appointments
Aug 18 15
Towergate has appointed former Willis development director Richard Morgan to the role of sales and service director for its newly established City branch. He will report to David Armstrong, area director for London South, as part of the London regional team now reporting to Russell Collier. In addition to this, Tim Simpson-Lee and Richard Turner will join Towergate London Market, the firm's wholesale business dealing primarily with placement into Lloyd's of London. Simpson-Lee joins from the underwriting management team at QBE having formerly held underwriting positions within Lloyd's.
Towergate Announces Executive Changes
Jul 7 15
Towergate has announced that interim CEO Scott Egan will be leaving the company, to join the executive board of RSA Insurance Group as group chief financial officer. Mr. Egan was appointed interim CEO in February 2015 and will continue to operate in this role as he serves a notice period. The company also confirms the appointment of Mark Mugge as Towergate Group chief financial officer following the planned departure of the company's interim CFO. Mr. Mugge will continue with his responsibilities as chief operating officer, pending a new appointment.