Ardonagh Group
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.
Fitch downgrades Towergate to B-
Fitch Ratings has downgraded Towergate to B- and placed the consolidator's rating on rating watch negative.
Marsh tipped to lead Towergate bidding
Some of the UK’s largest brokers have been floated as potential bidders for Towergate, with Marsh favourite among some observers.
Towergate 'gearing up' for Q1 sale conclusion as consultation count reaches 1000
Towergate’s executive chairman Alastair Lyons is hoping to conclude talks over a potential sale in the first months of 2015, after the broker confirmed it had received multiple bids for the business earlier today.
Towergate confirms approaches to buy firm
Towergate has appointed Evercore and Rothschild as joint advisers ahead of a possible sale after receiving approaches from parties interested in acquiring the group.
Fusion looks to Aviva for Glasgow-based underwriting hire
Fusion has appointed Richard Daubney as Scotland and Northern Ireland regional underwriting manager as it announces a move to larger premises in Glasgow.
Towergate's McAusland to run Tasker Insurance Norfolk office
Tasker Insurance Group has opened a Norfolk office to be led by former Towergate Risk Solutions managing director Alex McAusland.
Interview: Jon Walker: In at the deep end
Axa managing director for commercial intermediary Jon Walker reveals that a change programme and an e-trading review have ensured his first few months in the job have been ‘incredibly busy’
Seven insurers appointed to Towergate SME panel
Towergate has reached agreements with seven insurers to form a commercial panel for sub £5000 premium standard SME business.
Arista promotes Bodman to Northern region lead
Towergate-owned managing general agent Arista has promoted senior development underwriter Jon Bodman to its Northern area underwriting manager, recruiting an Aviva team leader to replace him.
Solicitors faced 'less difficulty' in 'benign' PI renewals season
Despite recent volatility in the solicitors’ professional indemnity market, most firms had less difficulty renewing their cover this year, according to a survey of managing partners.
Towergate appoints Tim Redburn for interim planning role
Towergate has appointed former Barbon chairman Tim Redburn as interim group planning director to help with ongoing changes at the consolidator in the wake of group CEO Mark Hodges' resignation this month.
Fitch warns of Towergate downgrade if cost-saving measures fail
Fitch Ratings has cast doubt over Towergate's ability to execute its change programme in the wake of group CEO Mark Hodges resigning.
Towergate tipped to sell off parts of the business in wake of Hodges resignation
Change programme and debt are consolidator’s main challenges after departure
Editor's comment: Practise what you preach
It’s always nice when people practise what they preach, rather than taking the ‘do as I say, not as I do’ approach – and it seems brokers should be taking a bit of their own advice at the moment.
Towergate Insurance Brokers CEO Rea to take on group COO role in executive shuffle
Changes to the way Towergate will be managed in the wake of group CEO Mark Hodges' resignation include the disbanding of its executive committee, according to an internal memo.