Search

Towergate seals the deal on buyout of Norwich & Peterborough Insurance Brokers

13:09 03 December 2012

Mark Hodges, chief executive of Towergate Insurance Group

Mark Hodges, chief executive of Towergate Insurance Group

Archant

Towergate Insurance today sealed the deal on its buyout of Norwich and Peterborough Insurance Brokers signalling the latest phase of a move to increase its presence in the region.

Established in 1996 following a previous acquisition from Halstead Insurance Brokers, Norwich and Peterborough Insurance Brokers (NPIB) was the non-life insurance operation of the N&P.

As part of the acquisition, 60 staff currently based in building society branches will be relocate to Towergate Group offices, while Steve Kendall, sales and operations director of NPIB will continue to lead the business.

The move follows a strategic review by Yorkshire Building Society, which took over the N&P last year, and a decision that all general insurance products offered by the society would be provided through RSA Group.

0 comments

HOT JOBS

Show Job Lists

Insight

J&S Jewellery was launched three years ago by sisters Jenny and Sophie Laslett and is now turning over £1M a year. Photo : Steve Adams

When launching a jewellery business in late 2012, sisters Jenny and Sophie Laslett used some borrowed money and a spare room. After ordering a small batch from a manufacturer in the Far East, their only customers the first Christmas were friends and family.

Justice Secretary Liz Truss arrives in Downing Street, London, for the first Cabinet meeting of the new government. PRESS ASSOCIATION Photo. Picture date: Tuesday July 19, 2016. See PA story POLITICS Cabinet. Picture: Dominic Lipinski/PA Wire

It is always challenging to take on a job in an industry in which you have no experience, looking to learn on the job while leading.

Green 100

cover

Enjoy the Green 100
digital edition

Read

Mustard TV

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Shaun Lowthorpe

Business Publishing Editor

|

Sabah Meddings

Business Writer

|

Duncan Abel

Business Development Manager

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100

Business Most Commented

Newsletter Sign Up