Profit Track 100

Since its launch in 1997 by founder and deputy chairman Peter Cullum, 63, this insurance broker and underwriter has grown through almost 200 acquisitions. Specialising in niche markets from holiday homes to helicopters, it generates more than £3bn in gross annual premiums. In 2011, Advent acquired a minority stake for £200m, and in 2012 profits grew to £140m under group chief executive Mark Hodges, 48. Some of its growth is attributable to its switch to European accounting standards in 2012.

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Company details
CompanyTowergate Insurance
ActivityInsurance underwriter and broker
Annual profit growth56.05%
Latest profits £000s139,993
Latest sales £000s439,055

If applicable:

* supplied by company † annualised figure ‡ profits = ebitda