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Another landmark step for Towergate Underwriting as it launches its international MGA
Towergate Underwriting, part of the newly formed diversified insurance company, The Ardonagh Group, has launched FRAM – the first business in its new international MGA, operating in Norway, Denmark, Sweden and Finland.
Led by Managing Director Tom Færøvik, FRAM (which means “to move forward” in the Scandinavian languages) will underwrite local commercial business under one experienced underwriting team specialising in property, casualty, financial lines, engineering and energy classes.
Tom joined Towergate earlier this year, bringing with him 35 years’ experience in the insurance market, most recently as General Manager for Catlin Insurance in the Nordic region.
He is joined by Michael Lindbo, Senior Property and Construction Underwriter based in Denmark, Christian Muller, Financial Lines Manager based in Stockholm and Trond Haugen, Casualty Manager, based in Oslo.
Commenting on today’s launch, Derek Henry, Group Carrier Relations Director, who led the project for Towergate Underwriting said:
“It is the realisation of a strategy we have been working towards since our change in ownership, and the culmination of huge team effort.
“We are really excited to see it come to fruition and I look forward to the business being a big success.”
Paul Dilley, CEO Towergate Underwriting, said the establishment of FRAM represented a significant milestone in the journey to becoming an international underwriting business - one that is only further enhanced by the international reach of its sister companies within The Ardonagh Group.
“FRAM shows the strength that we have as a business to deliver new opportunities and is a clear statement of intent on our future international strategy” he added.
“Tom and the team have in-depth technical and local knowledge and expertise that is second to none, and we’re confident this will drive great success for our new Scandinavian business.”
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