Ardonagh Group
Towergate sells Hayward Aviation to JLT for £27m
Jardine Lloyd Thompson Group has bought Towergate's Hayward Aviation for £27m.
Gary Duggan quits Paymentshield
Paymentshield CEO Gary Duggan is exiting the business to take up the position of managing director of Junction, part of the BGL Group.
Towergate bankers invite bondholder bids
Bankers charged with finding a buyer for Towergate have moved to invite bids from the embattled broker’s bondholders.
Towergate compliance non-exec Strachan steps down
Towergate’s non-executive director for group risk and compliance has stepped down from his role.
More brokers could follow Gallagher in severing Towergate Underwriting ties
Broker predicts ‘bloodbath’ between Arthur J Gallagher and Towergate
Roundtable: Customer retention: Holding on to customers in the aggregator age
With price comparison sites making customers more price-focused than ever, how can insurers ensure they stand out for other reasons and also improve their retention rates?
Penny Black’s Insurance Week - 4 December
There is nothing like adversity to bring people together, especially when it is being played out in both the national media and the insurance trade press.
Axa inks £20m Paymentshield partnership
Axa Commercial Lines and Personal Intermediary has agreed to join Paymentshield household panel, in a move expected to deliver £20m of premiums over five years.
Towergate bondholders declare support
A group of Towergate’s creditors have declared their support for the embattled business as it seeks to resolve its future.
Towergate bondholders appoint advisers Moelis & Co
Moelis & Co has been appointed as an adviser by Towergate's secured bondholders in advance of talks with the consolidator about its £1bn debt, according to reports.
Towergate Underwriting CEO responds to concerns on broker ties
Towergate Underwriting CEO Clive Nathan has admitted concerns that he could lose further brokers in the wake of Arthur J Gallagher deciding to cut ties with the embattled business.
Gallagher branded ‘cynical’ and ‘opportunistic’ over Towergate axe
Arthur J Gallagher has been accused of being “cynical” and “opportunistic” in its move to limit business being placed with Towergate Underwriting, citing concern over the health of the business.
Ecclesiastical recruits Towergate Lancaster boss to helm Northern operations
Ecclesiastical has named Towergate Lancaster and Alker Insurance managing director Francis Carroll as its new regional director for the North.
Thistle raids Towergate for string of hires
Thistle Insurance Services has recruited Towergate Direct interim CEO Amanda Walton as its retail managing director alongside a string of management changes at the business.
Fairchild says Broker Network 'not complacent' about competitors' tactics
Towergate-owned Broker Network has sent a firm message to its competitors saying it is aware they will be looking to incentivise its members with short-term offers.
Biba launches sharing economy guide
Aon, Higos, Bluefin and Towergate are among the brokers that have signalled they can place risks for businesses operating within the sharing economy, according to the British Insurance Brokers' Association.
Editor's comment: Towergate's last chapter?
Last week would have been a very good time to hide bad news in the insurance industry, as all anyone wanted to talk about was the future of Towergate.
Redburn appointment hints at piecemeal Towergate sale
Executive chairman claimed group would be sold as a whole
Penny Black’s Insurance Week - 27 November
Towergate executive chairman Alastair Lyons told Penny this week that he was geared up for a half-marathon rather than a 100-metre sprint when asked how long the broker’s newly unveiled sale discussions would take.
Sources play down Advent's growing Towergate holding
A reduction in Peter Cullum’s shareholding in Towergate to just 20% has been played down by a source close to the broker, who linked the move to the broker’s falling earnings.
Arista names Leeds-based regional manager
Towergate-owned managing general agent Arista has recruited a new regional trading boss for the North East in the shape of a former UK General sales manager.
Moody’s raises default warnings in Towergate ratings
Moody’s amended its ratings to reflect an increased likelihood of Towergate defaulting, while also lowering ratings for bonds issued by the broker.
Towergate Underwriting director Lawrence to lead Direct Insurance MGA
Lloyd’s broker Direct Insurance Group has hired Towergate Underwriting sales and marketing director Tony Lawrence to lead its new managing general agent Imperium Insurance.
Interim Towergate boss resigns as non-exec chairman of Serco
Alastair Lyons’ temporary leadership of Towergate has coincided with his resignation as non-executive chairman of outsourcing company Serco.