Elliot Lane - Exclusive
Towergate is poised to make its biggest acquisition to date, worth an estimated £200m.
According to sources, the deal could take place in the next week and involves a company in the "North West".
Rumours surround Swinton Insurance as the possible target, but one source said: "It will involve a company that is not in the insurance pool Towergate normally fishes in".
A major IFA network or building society has been touted.
But Cheshire Building Society, which is one of the largest private medical insurance providers in the region, may be too big to swallow.
Its turnover is estimated at £168m which would put its sale price above the £200m mark.
A Towergate spokesman said the company would not "speculate on market gossip".
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.
