25 May 2016
Towergate Underwriting has today announced the formation of a Speciality London Markets underwriting division, by hiring two market leading talents in this important and as of yet undeveloped specialist opportunity for the Group.
John Murphy and Glenn Marshall will join upon leaving DUAL, an international underwriting agency, where they have headed a speciality liability business for more than 3 years.
The division will write a General Liability Portfolio, encompassing Employers Liability, Public Liability and Products Liability and will be based out of the Mitre Street office, where an underwriting floor will be created.
Commenting on this news today, Adrian Brown, CEO Towergate Underwriting said:
“These are hugely important hires and indisputable evidence that we are attracting the very best talent in the market as we look to take a leading position in this space. John and Glenn will lead a business which perfectly complements our existing strengths in both the commercial and construction markets across our underwriting brands, bringing added value to our developing London Market capability and to our more established regional businesses.
“We’ve worked closely with our broking customers who are telling us they need improved and direct access to this speciality market and we are hugely excited to be responding to this demand. More broadly, it supports our underwriting ambitions to extend our offering to more clients and to add to our existing capability.”
Launched in 1997 Towergate is the UK’s largest independently owned insurance intermediary. 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.