Clive Nathan set to depart as Towergate announces changes to executive team

Towergate has announced changes to its Towergate Executive Team.

Clive Nathan, Chief Executive Officer Underwriting has decided to leave Towergate at the end of January 2016.

Clive, who has been with Towergate since 2003, will continue to operate in his role until the end of October 2015.

Adrian Brown, currently interim Chief Executive Officer of Towergate, will assume the role of Chief Executive Officer Underwriting* from 01 November 2015 alongside his current COO responsibilities.

Upon the appointment of David Ross as Chief Executive Officer on 01 November 2015, the Towergate Executive Team will be comprised of:

David Ross - Chief Executive Officer *

Mark Mugge - Chief Financial Officer

Janice Deakin - Chief Executive Officer Insurance Broking*

Adrian Brown - Chief Executive Officer Underwriting and Chief Operating Officer

Sarah Dalgarno - Chief Risk Officer*

Vacancy - Human Resource Director (Currently Steve Pratt in an interim role)

Steve Wood - Chief Executive Office Paymentshield

Jennifer Owens - General Counsel

In addition, Andy Fairchild continues to run an independent Broker Network and both David Ross and Janice Deakin will join the board of that business.

Adrian Brown commented today:

“I would like to thank Clive for all he has done in his twelve years at Towergate. He has been a constant through changing and challenging times in the history of the business. His leadership of the largest MGA in the UK has set the bar for others to follow. I’m looking forward to working with the team to ensure we continue to set the standard for a great underwriting business.”

I know I can speak on behalf of our majority shareholders and the Board in saying how grateful we are to Clive for his significant contribution and would like to wish him all the best in the next phase of his career.”

*subject to usual regulatory approvals