Madison Dearborn Partners, LLC ("MDP") today announces an offer by its affiliate, Tango Investments, LLC, for all outstanding issued shares and warrants in TIG Topco Limited (“TTL”) and Sentry Holdings Limited (“SHL”), both holding companies of Towergate Insurance Limited (“Towergate”)
Sentry Holdings Limited ("Sentry") and TIG Topco Limited ("Towergate") acknowledges the offer (the “Offer”) by Tango Investments LLC (a vehicle established by funds managed or advised by Madison Dearborn Partners, LLC) (the “Offeror") today to purchase all the shares in Sentry and Towergate.
David Leathem to join as London Director of Underwriting
Towergate Insurance (the “Group”), one of the leading independent insurance intermediaries in the UK, today releases its Half-Year (“H1”) results statement covering the six months to 30 June 2016.
Towergate and Navigators & General, a part of the Zurich Group (N&G), have signed a strategic partnership which will see N&G provide capacity and expertise for Towergate Marine products.
Towergate today announces the release of a Shareholder Written Resolution requesting the approval of an amended form of Articles of Association of TIG Topco Limited to allow for the implementation of a Management Incentive Plan.
Towergate Insurance today announces the appointment of Neil Pearce as managing director of Towergate London Market.
Towergate Insurance today confirms that its H1 Interim Management Statement covering the half year to 30 June 2016 will be announced on Thursday 25 August 2016 at 07h00 (UK time) .
Further to an investigation by the UK Financial Conduct Authority ("FCA") into certain breaches of the FCA’s Rules and Principles concerning the treatment of client and insurer money during the period June 2005 to December 2013, Towergate Insurance has today accepted responsibility and agreed to pay a fine of £2,632,000.
Towergate today announces the appointment of Brian Hardwick to the Executive Committee as Chief Risk Officer.