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Towergate to sell minority stake to private equity firm, according to reports

Towergate founder Peter Cullum is in talks to sell a 25% stake in his business to a private-equity group in a deal that will value his company at more than £3bn, according to reports.

According to The Sunday Times he is planning to sell part of his company, Towergate, to the buyout firm Candover. It becomes the latest private equity group to be linked to the company.

Last year the

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Iran missile strikes spark risk repricing

The joint assault by Israel and the United States against Iran have sent shockwaves through global insurance markets, triggering risk repricing and renewed scrutiny of accumulation exposure across marine, aviation and specialty lines.

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