Latest press releases


Formation of KIRS Group Completed

KIRS Group Limited (“the Group”), the UK’s leading independent insurance intermediary group, has today confirmed the completion of the acquisitions of Direct Group and Chase Templeton, following the close of a successful £800 million sterling-equivalent bond offering.

23 June 2017


Satisfaction of Conditions for Redemption of Bonds

Towergate Announces Satisfaction of Conditions for Redemption of Senior Secured Notes and Super Senior Secured Notes

22 June 2017

KIRS announces pricing of £400 million 8.375% Senior Secured Notes due 2023 and $520 million 8.625% Senior Secured Notes due 2023

KIRS Group Limited (‘KIRS’ or ‘The Group”), the UK’s leading independent insurance intermediary group, today announces that it has priced its offering of £400 million in aggregate principal amount of 8.375% Senior Secured Notes due 2023 and $520 million in aggregate principal amount of 8.625% Senior Secured Notes due 2023 (the “Notes”) following strong demand from investors in both the UK and globally.

06 June 2017

KIRS Group Launches £800 million Bond Offering

KIRS Group Limited (“the Group”)1, the UK’s leading independent insurance intermediary group being created by HPS Investment Partners (“HPS”) and Madison Dearborn Partners (“MDP”), today announced the launch of a secured bond offering for an aggregate principal amount of £800 million, alongside committing to enter into a £90 million super senior revolving credit facility.

25 May 2017

Media Queries Internal Contact

Kelly-Ann Knight - Corporate Communications Director

Towergate Insurance Limited

Email: kelly-ann.knight@towergate.co.uk

Media Queries External Contact

Justin Griffiths or Victoria Heslop - PR advisers to Towergate

Powerscourt

Email: towergate@powerscourt-group.com