Insurance News 2008
Jan - 08 Towergate buys Britishinsurance.com
Britishinsurance.com that was owned and managed by Simon Burgess has been bought by Towergate for an undisclosed sum of capital.
Britishinsurance.com managing director Simon Burgess says Towergate was the clear winner from a number of suitors who were observing the business.
Simon Burgess is a seasoned business professional and will have clearly made the move to provide the business and the employees with a vessel for future sustainable growth.
- The general feeling is that the deal is extremely positive.
- Towergate are considered to be a class act.
Their acquisition is not expected to affect the running of the insurance firm, who specialise in payment protection insurance for the masses.
Towergate is the largest independently owned insurance broker in Europe. It has 100 UK offices and a total of approximately 3,500 employees.