Breaking: Towergate sells Broker Network

Insurer announces that sale has been completed following regulatory approval

Insurance News

By Paul Lucas

Towergate Insurance, the insurance intermediary, announced moments ago that, following regulatory approval and the affirmative vote of the requisite majority of shareholders, it has completed the sale of a majority interest in its Broker Network business to Highbridge Principal Strategies.

This follows on from its announcement that a sale had been agreed back in March as reported on at Insurance Business UK.

We’ll bring you more on this story as it becomes available.

Related links:

Towergate to sell majority interest in Broker Network


 

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