Towergate Partnership has unveiled a restructuring plan to reflect its two main core areas of strength: underwriting and retail broking.
The new underwriting and broking operations will have separate management structures headed by divisional chief executives, Clive Nathan and Amanda Blanc.
Both Nathan and Blanc will also join the board of Towergate Underwriting.
The underwriting division, headed by Nathan, will have centres which complete the underwriting and pricing for a wide range of product areas including property, liability, motor, household, financial risks, marine, property owners, construction and agricultural.
Fusion will maintain its separate identity as a market-leading underwriter for medium commercial combined risks.
The retail broking division, headed by Blanc, will comprise the Towergate regional brokers grouped into three regions – North, Central and South.
Andy Homer, group chief executive, said: “Our latest moves are designed to focus our underwriting and broking skills into separate divisions, so that it is clear to our customers and our supporting brokers what our service proposition is.
Peter Cullum, executive chairman, said: ”The restructure...keeps us ahead of the game in respect of transparency and FSA compliance.
"What it is not about is cost saving – we have created a number of vacancies and we will be recruiting some of the best talent in the Industry over the next few months.
Our goal to reach £2bn of GWP in 2006 is on track and we are now setting our sights to get to £3bn by the end of 2007."
