Towergate Underwriting Group has confirmed it has signed a heads of terms agreement with Hill House Hammond to acquire part of its specialist scheme business.
Towergate chief executive Tim Johnson, said: "We have long had a high regard for Hill House Hammond's scheme expertise and the acquisition is a perfect fit with Towergate's own scheme portfolios.
"This latest deal marks the commencement of our second stage acquisition programme."
Towergate said the schemes represented almost £14m in gross written premium to be added to the £200m which the company already handles.
It said the company anticipated providing non-standard product support to NU Direct.
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.
