Towergate buys more regional broker business

Towergate Insurance has bought the non-life insurance business of general insurance brokers Dean and Milward and also of Greaves Adams.

Towergate has now completed 15 acquisitions since the start of 2012.

Dean and Milward, based in Henley on Thames, was launched by Richard Dean and David Milward in 1981. The company specialises in predominantly SME business and has some personal lines customers in the Thames Valley area.  Towergate has snapped up the non-life arm of the company which will join forces with Towergate’s Didcot office. 

Towergate said the deal will further strengthen its presence in the South of England under the leadership of regional managing director Mark Evans.

Greaves Adams was founded over 20 years ago by Tony Greaves and his wife Janette.  All staff, including Greaves and his son Aaron, will remain with the company and will join the Towergate office in Poole under the leadership of regional boss Stuart Grieb.

Towergate group chief executive Mark Hodges said: ”These deals have a special significance representing a milestone of 15 acquisitions completed in what is our 15^th anniversary year. 

“Both businesses are great examples of our ability to attract well run broking companies as a result of our flexible, relevant and realistic acquisition approach.”