13 March 2015

Towergate Insurance is pleased to announce the appointment of Steve Wood as CEO of Paymentshield.

Steve will commence his role on 16 March 2015 and will join the Towergate Executive Team. James Watson, currently Acting CEO, will revert to his role as Sales Director.

Scott Egan, Interim CEO, commented: “This appointment is further evidence of the pace at which we are moving forward at Towergate. We are continuing to attract talent to the business, which adds to our experienced and capable team.”

Steve has worked in the insurance industry for over 30 years, including a range of senior executive roles. Before joining Towergate he was UK Managing Director at Ecclesiastical Insurance Group, where he spent 8 years, strengthening its core market positions and broker relationships. Prior to Ecclesiastical, Steve led the MBO of Royal SunAlliance’s healthcare division. He started his career at Royal Insurance.

Commenting on his appointment, Steve said: “It is an exciting time to be joining Towergate, and I am delighted to be taking on the Paymentshield role. Paymentshield is a great business with lots of potential, and I really look forward to working with the team there to drive the company forward.”

Notes to Editors

Paymentshield - Established in 1992, Paymentshield is one of the UK’s leading insurance providers and the largest independent supplier of mortgage-related insurance products to the intermediary sector.

For further information, please visit www.paymentshield.co.uk

Media Queries Internal Contact

Kelly-Ann Knight - Corporate Communications Director

Towergate Insurance Limited

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