Towergate has renamed its London market broking business as “Bishopsgate.”
Formerly known as Towergate London Market, Bishopsgate aims to give “regional brokers better access to market, better service and better deals,” the company said in a statement.
A central pillar of its strategy is to provide regional UK brokers with quotes within a guaranteed timeframe and be innovative at working to set up new facilities for specialist products, Towergate said.
Bishopsgate is headed by Managing Director Neil Pearce, who joined in August and was previously managing director at Windsor Insurance Brokers. Pearce is supported by broking and distribution director Paul Longhurst who ran the London Market broking team at Bluefin for 25 years, growing the business from £45 million ($53.4 million) to £75 million ($89 million) gross written premiums.
The new business identity, which is launched today, comes ahead of an office move in February to 55 Bishopsgate, in the City of London.
“Our new name reinforces the incredible roots our team has in the city’s insurance market,” said Pearce. “The team and I look forward to visiting and working closely with brokers across the UK to provide with them a first rate service proposition and via Bishopsgate, access to our extensive panel of Lloyd’s and London market insurers.”
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