Ardonagh Group
US private equity firm among parties gearing up for Towergate bid
New York-based private equity firm Apollo is planning a bid for Towergate after purchasing some of the beleaguered brokers senior loans.
Penny Black: The Ghost of Christmases Past 2006 - 2013
Lady-about-town Penny Black has been publishing her insurance industry gossip and insider news and views in three centuries - so she's seen a fair few insurance Christmases, some bawdier than others, and all of them fuelled by the finest G&Ts the…
Delays with insurer deals hits Towergate's figures as acquisition discussions continue
Towergate has revealed its income fell by 4% in final two months of the year compared with the equivalent period in 2013, with income from acquisitions partly offsetting the decline in organic income.
Towergate completes sale of Hayward Aviation to JLT
Towergate Insurance has completed the the sale of Hayward Aviation to Jardine Lloyd Thompson for a net cash consideration of approximately £23m.
Broker Network extends Allianz partnership deal by three years
Allianz has renewed its strategic partnership with Broker Network for an additional three years.
Fusion hires former Gallagher client money manager
Towergate-owned MGA Fusion Insurance Services has appointed Sharon Welsh as regional operations manager.
Gallagher swoops for former Towergate quartet to launch Cornish office
Arthur J Gallagher has opened an office in Cornwall after hiring four former Towergate employees.
Editor's comment: What a difference a year makes
2014 is coming to a close and so much has happened but will insurers be sad to see it go? It was the year that started with Winter floods estimated to have generated a total bill of £500m and saw Labour Party Leader Ed Miliband demand insurers settle…
Moody's downgrades Towergate's corporate family rating
Ratings agency Moody's has downgraded the corporate family rating and probability of default rating on Towergate Holdings II by two notches to Caa3/Caa3-PD.
Towergate PI team heads to Griffiths & Armour
Griffiths & Armour has recruited a team of professional indemnity specialists to bolster its professional risks division.
Jelf network Purple reaps benefits of market 'turmoil'
Jelf Group CEO Alex Alway says current "market turmoil" has benefited the company's broker network Purple Partnership.
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.