Ardonagh Group
Video interview: Peter Cullum on Towergate's refinancing
Days after Towergate Partnership announced the completion of its refinancing and £200m investment from private equity firm Advent International, founder and chairman Peter Cullum CBE spoke to Post about what now lies ahead for the broker.
Towergate unveils senior underwriting promotions
Towergate has promoted Keith Harrison and Keith Jackson to the positions of chief operating officer, commercial underwriting and commercial director, commercial underwriting respectively.
Towergate secures bid to insure NICEIC
Following a tender process in 2010, Towergate has been appointed to provide insurance services to NICEIC, the UK electrical contracting industry’s independent voluntary accreditation and regulatory body.
Insurer mergers & acquisitions: Is 2011 the time to strike?
After a lean period for insurer mergers and acquisitions through the economic downturn, Daniel Dunkley reports that the first rays of sunlight might begin to show in 2011.
Insurers attack 'reckless' NIG guarantee
Key players in the commercial insurance market have rounded on NIG's recent 'guarantee to beat' commercial strategy for NIG Network customers.
Power Place chief executive steps down
Matthew Reed has stepped down as Power Place chief executive — just four days after private equity firm Advent took a 45% stake in its parent company, Towergate earlier this month.
Towergate concludes refinancing deal and cuts debt by £100m
Towergate Partnership has announced the completion of its refinancing and £200m investment from private equity firm Advent International.
Towergate cancels foreign travel plans
A high level of interest from bond investors in London and Edinburgh saw Towergate management cancel travel plans to meet potential investors in Europe and the US last week, and conclude its refinancing arrangement on UK soil.
Powerplace hit by Reed departure
Towergate-owned trading platform Powerplace has confirmed the departure of chief executive Matthew Reed.
Towergate secures £520m bond issue
Towergate’s bond issue has been oversubscribed by as much as ten times, Post Online has learnt.
Editor's comment: Cullum's Advent calendar
The transfer deadline day, 31 January, saw a host of football clubs scrambling over themselves to secure deals to improve their stock ahead of the final push for safety, promotion, Europe or silverware.
Nationals call for FSA talks as Towergate seals £200m deal
Chief executives from some of the UK's largest brokers have called for a meeting with the Financial Services Authority to discuss concerns over the increasing level of intervention in compliance issues by the regulator.
News analysis - Towergate refinancing: Towergate to kick into full IPO mode
With confirmation of Advent's £200m cash injection, what does Towergate have planned next? Mairi MacDonald explores the options.
Sainty upbeat over 'bigger role' at Barbon commercial arm
Former Lucas Fettes director Brett Sainty is to focus on building organic growth at Cadogan Keelan Westall after being appointed head of business for the Barbon Insurance Group-owned commercial property insurance business.
UK brokers call for FSA talks – Insurance News Now – 2 February 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories, including how some UK brokers are calling for a meeting with the FSA to discuss concerns over the increasing level of intervention in compliance issues by the regulator.
Towergate to benefit from "first mover advantage," claims Fitch
Fitch Ratings has affirmed the long-term issuer default rating of Towergate Finance at 'B'. The outlook is stable.
Towergate extends RDT technology partnership
Towergate has widened the use of RDT insurance application Landscape to include its let properties business line of products.
Advent seals £200m investment in Towergate and CCV
Towergate Partnership has entered into a conditional agreement in relation to a £200m investment by global private equity firm Advent International.
CCV names new finance director
Cullum Capital Ventures has appointed Bryan Park as finance director.
Lord Sugar and Aon's Case line up for Biba 2011
The keynote speakers for this year’s British Insurance Brokers' Association conference have been confirmed as Greg Case, president and CEO of Aon Corporation, explorer Ed Stafford who was the first man to walk the length of the Amazon and businessman and…
Interview - Sarah Lyons: What next for Giles?
Having joined the industry as a school leaver, Sarah Lyons is now group MD of Giles. She explains to Mairi MacDonald why growth, rather than exit plans, remains top of her agenda.
Aspen seals second underwriting deal
Managing general agent Aspen Risk Management has unveiled plans to open new offices in the North of England and Scotland during 2011.
Biba conference adds some Sugar
Aon president and chief executive Greg Case and businessman and TV star Lord Alan Sugar are to top the bill at this year's British Insurance Brokers' Association conference.
Towergate highlights new bond issue intent with director change
Consolidator Towergate Partnership has moved a step closer to an expected private equity investment - as well as the resurrection of its bond issue - with the formation of a new holding company and directorate change at three subsidiaries.