TDC-backed Tower eyes £100m GWP as first deal launches buy-and-build strategy
TDC-backed Lytham-based Tower Insurance Brokers has completed its first acquisition, with plans to become a national broker controlling between £75m and £100m in gross written premium (GWP).
The company has completed the takeover of Wilmslow-based insurance broker Riskworks, adding more than £5m in GWP and taking Tower’s run-rate GWP beyond £40m.
The acquisition marks the beginning of Tower’s buy-and-build strategy, with the business considering further opportunities across the UK alongside continued organic growth of mo... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
