Towergate Insurance News

Towergate London Market Appoints Pearce to Lead Growth Strategy

Towergate Insurance announced the appointment of Neil Pearce as managing director of Towergate London Market.* Pearce will join Towergate on Sept. 5, 2016 and report directly to group Chief Executive Officer David Ross. Pearce joins Towergate from RKH Specialty where …

UK’s Towergate and Ageas Announce 5-Year Capacity Deal

Towergate and its subsidiary Arista, a Lloyd’s coverholder, have formed a partnership with the insurer Ageas, which will provide capacity of £60 million ($82.9 million), each year for the next five years. The capacity will be used for Arista’s commercial …

UK’s Towergate Reports H1 Before Tax Loss of $88.8M, vs. $23M Profit in H1 2014

Towergate Insurance, the UK insurance intermediary, reported a before tax loss of £58 million ($88.8 million) during the first half, compared with a £15 million ($23 million) before tax profit in the same period of 2014. The company reported income …

UK’s Towergate Announces Changes to Executive Team

Towergate, the UK-based intermediary, announced that interim CEO Scott Egan will be leaving the company to join the executive board of RSA Insurance Group plc as group chief financial officer*. Egan was appointed interim CEO in February 2015 and will …

RSA Appoints Towergate’s Egan as Executive Director and Group CFO

RSA Insurance Group plc (RSA) announced the appointment of Scott Egan as an executive director and group chief financial officer of the company. He is expected to join the company during the fourth quarter of this year. He replaces Richard …

Towergate Insurance Reports Q1 Net Income of $134 Million; Down 8%

Towergate Insurance reported first quarter income of £86 million ($134 million), down 8 percent from £93 million ($145 million) reported for the same period in 2014 – with its performance adversely affected by the group’s financial restructuring and change program. …

Towergate Hires Deakin as Retail Broking Director; Dalgarno as Chief Risk Officer

Towergate is creating a new retail broking division led by Janice Deakin, who will join the group as retail broking director on August 12, subject to regulatory approval. This division will encompass all the Towergate Insurance retail broking businesses, Towergate …