Towergate Underwriting Group has bought the coach travel portfolio of BMS Chapman Stevens Limited.

Chapman Stevens specialises in the provision of travel insurance to coach tour operators and handles nearly £10 million of gross written premium.

Peter Callum, group managing director at Towergate Underwriting, said: ”Chapman Stevens is a strong brand and we look forward to further expanding our operations in this specialist area.“

Towergate Chapman Stevens becomes the 16th operating company within the Group.