The Geo journey has begun.
An exciting future lies ahead as our Towergate businesses move over to Geo. From 1 February 2018, our personal lines business joins Geo Specialty in operating under the Geo brand. The move marks the next step in a programme of change as we transform into an agile MGA structured for long term success in an evolving insurance market.
Our commercial businesses will soon also move over to Geo, completing the operational phase of the transition. But that’s by no means the end of it. We’re on a journey to make a difference. To carriers. To brokers. To the industry as a whole. Geo is the start of that journey.
We look forward to sharing it with you.
Towergate Underwriting announces launch of Geo Specialty
Official Towergate statement:
Towergate Underwriting today launches Geo Specialty – a new London business with a new team of market specialists.
The first market to go live is political violence, with others following throughout the year.
Political violence is led by Senior Underwriter Marcus Meredith, who has joined Towergate from DUAL International Ltd and brings with him a wealth of experience in political violence MGA underwriting for both local and international territories.
Towergate Underwriting CEO Paul Dilley said the new business was a fundamental part of their strategy to become a key player in the specialty market.
“We have been talking to the market about our intentions for some time and I’m delighted that we’re now in a position to launch the first element of Geo Specialty,” he said.
“With political violence, we have created a market-leading, bespoke terrorism product for both private and commercial clients, backed by Lloyd’s of London capacity. It provides choice in an ever more uncertain world, and gives far more comprehensive coverage than the Pool Re offering.
“This is our first step towards building a strong London Underwriting business. We are identifying markets where we can really add value and make a difference through our underwriting expertise and products.”
Towergate Underwriting is part of the newly formed diversified insurance intermediary, The Ardonagh Group and today’s announcement is a marker of our continuing growth into new markets.
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