Top Track 250

Towergate says it is Europe’s largest independently owned insurance intermediary. Founded in 1997 by executive chairman Peter Cullum, the company has made more than 150 acquisitions in the past decade. The business consists of specialist underwriting agencies and regional brokers providing insurance products. In 2007, Towergate Partnership reported sales, or commission income, of £268.9m on gross premium of £1.2 billion. The annualised gross written premium at the end of 2007 across all of Towergate’s businesses exceeded £2.1 billion.

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Company details
CompanyTowergate Insurance
ActivityInsurance underwriter and broker
Sales £m268.9
Operating profit £m38.1
Main shareholdersManagement

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda