Lloyd's box plan on hold as Towergate 'changes tack'

Newcastle

Towergate's plan to set up an underwriting box in Lloyd's in early 2010 has been put on ice following a "change of tack" regarding the development of its underwriting strategy.

Clive Nathan, Towergate Underwriting chief executive, said the company has decided to focus on growing its UK regional presence and intends to pursue its plan to open more regional offices following

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