Towergate and Folgate are to form a partnership that will create one of the largest insurance intermediary groups in the UK.
Company founder Peter Cullum said merging the two firms would bring “some cost savings” and “leverage”.
Andy Homer will become the new chief executive of the combined intermediary group. He said the agreement was a result of a close working relationship that existed between the two firms.
Cullum said as a result of the merger “a war chest of some £150 million for new acquisitions” would be created.
The integration of both companies to create the Towergate Partnership is expected to be completed by March, subject to regulatory approval.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
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.
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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
