Towergate Insurance

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.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2008
Rank112
CompanyTowergate Insurance
ActivityInsurance underwriter and broker
LocationMaidstone
Sales £m268.9
Operating profit £m38.1
Main shareholdersManagement
Staff3,299
Founded1997
Websitewww.towergate.com

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda