Towergate Insurance Overview

  • Year Founded
  • 1997

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 2,000

Employees

  • Latest Deal Type
  • Buyout/​LBO

  • Financing Rounds
  • 6

  • Investments
  • 63

Towergate Insurance General Information

Description

Provider of insurance brokerage services across Jersey, Wales, England, Scotland and Northern Ireland. The company provides services including business insurance, broker underwriting, broker networks, insurance through the mortgage market and electronic marketplace.

Contact Information

Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Private Equity-Backed
Primary Industry
Insurance Brokers
Parent Company
Corporate Office
  • 2 Minster Court
  • Mincing Lane
  • London EC3R 7PD
  • England, United Kingdom

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Towergate Insurance Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Towergate Insurance Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of insurance brokerage services across Jersey, Wales, England, Scotland and Northern Ireland. The company provi
Insurance Brokers
London, United Kingdom
2,000 As of 2024
00000
000000000000

000000

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000000000 0000000
Leicester, United Kingdom
00 As of 0000
00000 0000-00-00
000000&0

00000

ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit
000000000 0000000
London, United Kingdom
000 As of 0000
000000000000
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Towergate Insurance Competitors (25)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Berkeley Insurance Group Corporate Backed or Acquired Leicester, United Kingdom 00 000000&0
Higos Insurance Services Formerly PE-Backed London, United Kingdom 000 000000000000
PIB Group Private Equity-Backed London, United Kingdom 0000 00.000 000000000 00.000
Pure Risks Private Equity-Backed Bristol, United Kingdom 0 000000000000
Finch Commercial Insurance Brokers Corporate Backed or Acquired Reading, United Kingdom 000 000000&0
You’re viewing 5 of 25 competitors. Get the full list »

Towergate Insurance Executive Team (42)

Name Title Board Seat Contact Info
Richard Tuplin Chief Executive Officer
Andrew Morehen Business Unit Director
You’re viewing 2 of 42 executive team members. Get the full list »

Towergate Insurance Board Members (11)

Name Representing Role Since
00000 0000 The Ardonagh Group Board Member 000 0000
00000 0000000 The Ardonagh Group Board Member 000 0000
You’re viewing 2 of 11 board members. Get the full list »

Towergate Insurance Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Towergate Insurance Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

This information is available in the PitchBook Platform. To explore Towergate Insurance‘s full profile, request access.

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Towergate Insurance Investments & Acquisitions (63)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Murton Alexander Insurance Services 01-Apr-2021 0000000000 Insurance Brokers 0000 0000
Amtech Developments 01-Feb-2020 0000000000 Machinery (B2B)
Tony Nakonecznyj Insurance 18-Nov-2019 0000000000 Insurance Brokers 0000 0000
The Education Broker 01-May-2018 0000000000 Insurance Brokers
Capital & County Insurance Brokers 09-May-2017 Merger/Acquisition Insurance Brokers 00000 000
You’re viewing 5 of 63 investments and acquisitions. Get the full list »

Towergate Insurance Subsidiaries (10)

Company Name Industry Location Founded
Towergate Dawson Whyte Insurance Brokers Belfast, United Kingdom 2003
Insurance 4 Car Hire Automotive Insurance Cheltenham, United Kingdom 0000
Fusion Insurance Other Insurance London, United Kingdom 0000
Towergate Risk Solutions Insurance Brokers Bury St Edmunds, United Kingdom 0000
Paymentshield Insurance Brokers Southport, United Kingdom 0000
You’re viewing 5 of 10 subsidiaries. Get the full list »

Towergate Insurance Exits (8)

Company Name Exit Date Exit Type Exit Size Status Buyers
Amtech Developments 01-Feb-2020 000000000000000000 Completed
  • 000000000 00000000
Irvine Financial Services 13-Jan-2014 000000000000000000 Completed
  • 000000000 00000000
Harry Fort Insurance Brokers 25-Jun-2012 0000000000 Completed
  • 4 buyers
John Charcol 23-Feb-2010 0000000000 Completed
  • 2 buyers
Rixon Matthews Appleyard 13-Oct-2009 Buyout/LBO Completed
  • 2 buyers
You’re viewing 5 of 8 exits. Get the full list »

Towergate Insurance FAQs

  • When was Towergate Insurance founded?

    Towergate Insurance was founded in 1997.

  • Who is the founder of Towergate Insurance?

    Tony Proverbs, Paul Dyer, and Andy Homer are the founders of Towergate Insurance.

  • Who is the CEO of Towergate Insurance?

    Richard Tuplin is the CEO of Towergate Insurance.

  • Where is Towergate Insurance headquartered?

    Towergate Insurance is headquartered in London, United Kingdom.

  • What is the size of Towergate Insurance?

    Towergate Insurance has 2,000 total employees.

  • What industry is Towergate Insurance in?

    Towergate Insurance’s primary industry is Insurance Brokers.

  • Is Towergate Insurance a private or public company?

    Towergate Insurance is a Private company.

  • What is Towergate Insurance’s current revenue?

    The current revenue for Towergate Insurance is 000000.

  • How much funding has Towergate Insurance raised over time?

    Towergate Insurance has raised $316M.

  • Who are Towergate Insurance’s investors?

    Advent International, Apollo Global Management, Bain Capital Credit, Highbridge Capital Management, and Kohlberg Kravis Roberts are 5 of 12 investors who have invested in Towergate Insurance.

  • Who are Towergate Insurance’s competitors?

    Berkeley Insurance Group, Higos Insurance Services, PIB Group, Pure Risks, and Finch Commercial Insurance Brokers are some of the 25 competitors of Towergate Insurance.

  • When was Towergate Insurance acquired?

    Towergate Insurance was acquired on 04-Nov-2016.

  • Who acquired Towergate Insurance?

    Towergate Insurance was acquired by The Ardonagh Group.

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