Towergate has confirmed the appointment of Neil Pearce as managing director of its London Market division.
Pearce will join Towergate on 5 September and report directly to group chief executive David Ross.
News reports in May had suggested Pearce was heading to Towergate.
The broker says that Pearce’s appointment signals a clear intention to accelerate its growth in the London Market space.
Pearce joins Towergate from RKH Specialty where he was the executive director responsible for the UK and international liability team.
He was previously managing director of Windsor Insurance Brokers for 20 years and executive director of SBJ Marine and Energy.
Towergate Group chief executive David Ross said: “Neil is a formidable figure in the London Market and we’re delighted that he has chosen to join us.
“London represents a huge growth opportunity for Towergate and there are few people who have grown businesses in this market as fiercely as him.”