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 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.
Towergate Creates New Retail Broking Division; Announces Executive Changes
Jun 29 15
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 Reports Group Earnings Results for the First Quarter Ended March 31, 2015
Jun 26 15
Towergate Insurance reported group earnings results for the first quarter ended March 31, 2015. 8% decline in income year on year. 10% decline in organic income, excluding trading deals, broadly consistent (within 1%) with fourth quarter of 2014. Performance adversely affected by group financial restructuring and significant change programme. The group is back on a stable financial footing with a 60% reduction in net debt and £125 million liquidity injection following the completion on 2 April of the recapitalization.