Ross to join Towergate in November as Gallagher dispute settled for £20m
The legal dispute between Arthur J Gallagher and former employees David Ross and Mark Mugge and independent consultant Christopher Keey has been resolved with Towergate and shareholder Highbridge to pay £20m in settlements.
Towergate is responsible for £8m of the settlement; this will be split across two payments - £4m payable now and £4m payable in April 2016, Towergate interim CEO Scott Egan told Post.
That amount is
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Broker
JMG Group hits £500m GWP
JMG Group has hit £500m GWP, and the broker is now taking aim at achieving £1bn by 2031.
Jensten names Geo’s Swindle as CEO of product and distribution
Jensten has appointed Geo Underwriting’s Jaime Swindle as its CEO of product and distribution, following its recently announced restructure.
Markerstudy urges industry to take accessibility seriously
The insurance sector needs to act now to improve website accessibility for vulnerable customers or risk the wrath of the Financial Conduct Authority, Markerstudy has warned.
Q&A: Mathew Rowles, Malago Insurance
Mathew Rowles, founder and managing director of Malago Insurance Brokers, speaks to Insurance Post regarding the firm’s 10th anniversary and the importance of remaining independent.
How insurers can retain the human touch in the age of AI
View from the Top: Steve Rhee, global chief digital officer at Gallagher, explains why the value of artificial intelligence to the insurance industry resides in how its implemented.
Allianz opens broker hub at Cardiff’s Principality Stadium
Allianz has confirmed to Insurance Post the location of its next broker hub: the Principality Stadium in Cardiff.
Why insurance distribution flexibility is no longer optional
Simon Pritchard, managing director of insurtech IS2, says during a soft market insurers need to maximise channel distribution to achieve growth.
Big Interview: Ryan Brown, PIB Group
Ryan Brown, deputy CEO of PIB Group, talks to Insurance Post regarding the collapsed Gallagher sale, the firm’s more ‘cautious’ M&A strategy, and where it's investing for growth.