Alastair Lyons takes over as chairman
Peter Cullum will focus on developing PowerPlace and CCV in his new role as deputy chairman of Towergate – the group he founded – following the appointment of Alastair Lyons as chairman.
Cullum remains the largest individual shareholder in the consolidator, which is preparing for a potential flotation following a £200m investment by private equity house Advent.
Lyons – who will be less hands-on than Cullum, given his non-executive role – said the hunt was on for a replacement for chief executive Andy Homer, although there is no fixed timetable for that. Towergate is looking at both internal and external industry candidates.
Lyons is also chairman of Admiral, a highly successful motor insurer and darling of the stock market, which he steered through flotation in 2004.
His track record and senior-level experience of listed companies will be a plus for potential investors of Towergate. Lyons will also continue in his role at Admiral.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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