Towergate is aiming to increase its profits by 25% in 2004.
Executive chairman Peter Cullum said the specialist schemes underwriter achieved a profit of just over £16m in 2003, and was aiming for £20m in 2004.
Cullum said Towergate currently had gross written premiums of £205m, and was targeting £400m by the end of 2005.
Based on these figures he said the company was the "largest independently-owned schemes business in the UK".
The company's growth will continue to be fuelled by acquisitions, which will be funded through what chief executive Tim Johnson described as a £50m "war chest".
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.
