Towergate, the broker and underwriter, is understood to have appointed HBOS to lead a fundraising project to raise £250m within the next six weeks.
The Times reports that the money will be used to buy up mid sized independent financial adviser practices (IFA) containing between 10 and 20 professionals.
Peter Cullum, founder of Towergate, said it could take as much as £1bn to complete consolidation of the medium sized IFA market.
Towergate has revealed that it made 16 acquisitions in the past year.
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.
