07 July 2015
1. Interim CEO Scott Egan to join RSA as Group Chief Financial
2. Mark Mugge appointed Group Chief Financial Officer
Towergate today announces that Interim CEO Scott Egan will be leaving Towergate, to join the Executive board of RSA Insurance Group Plc as Group Chief Financial Officer*.
Scott was appointed Interim CEO in February 2015 and will continue to operate in this role.
The company also confirms the appointment of Mark Mugge as Towergate Group Chief Financial Officer* following the planned departure of the company’s Interim CFO.
Mark will continue with his responsibilities as Chief Operating Officer, pending a new appointment.
As announced on the 26th June 2015, the imminent arrivals of Janice Deakin and Sarah Dalgarno followed by Adrian Brown and David Ross remain on track*.
John Tiner, Chairman of Towergate, said: “I would like to thank Scott for his significant contribution to Towergate and the leading role he played in securing the Group's successful restructuring and recapitalisation. We wish Scott all the best in the next phase of his career. Towergate is now a stronger, refocused business with a more confident outlook and a depth of talent throughout the company. These attributes are key in serving our clients and position the company for success in the future.”
“I am also delighted to announce the appointment of Mark as Group CFO*. He has extensive experience working in senior finance roles in the insurance sector and, having joined as Chief Operating Officer in February, already has a strong familiarity with the business.”
* Subject to regulatory approval and notice period
Mark Mugge – Group Chief Financial Officer
Mark has over 18 years' experience in the insurance market, beginning his career at KPMG LLP as an auditor. Prior to Gallagher he held senior financial roles with AmerUS Group Co, GuideOne Insurance, and Grinnell Mutual Reinsurance Company.
Launched in 1997, Towergate is the UK’s largest independently owned insurance intermediary, generating more than £3 billion of pro forma gross written premiums across its companies and employing over 4,400 people across more than 100 UK offices. Towergate is an important distribution channel for a significant range of insurance products and a key strategic partner for the UK’s largest insurers.
Towergate’s scale, customer insight and distribution relationships make it a unique business and a leader in the markets in which it operates. Its combination of distribution and underwriting gives it unparalleled consumer data and market insight.
Kelly-Ann Knight - Corporate Communications Director
Towergate Insurance Limited