Towergate launches new High Net Worth capability
Towergate Partnership today
announces the launch of a new high net worth capability designed to
give brokers enhanced access to market leading products.
A new Underwriting Zone, Towergate
Underwriting Private Clients (TUPC) provides brokers access to a
specialist high net worth team based in Romford, Essex. Led
by Managing Director Andy Westby, the team will work alongside
Towergate’s national sales force to provide brokers with an end to
end service capability supported by extensive underwriting and
claims authorities.
The first product available from TUPC
is home insurance for clients with possession in excess of
£75,000. Underwritten by leading high net worth insurer
Sterling Insurance, the product provides warranty-free all risks
cover on a worldwide basis, with an entry level premium of only
£1,000.
CEO of Towergate Underwriting Clive
Nathan said, “Our broker partners have been asking us to develop a
high net worth proposition in a market where choice is still
restricted for many. After extensive market analysis we are
now able to offer brokers a flexible best of breed product which
they can offer their clients. What’s more we have exciting
plans to launch further products in the high net worth space where
we see significant growth potential.
Household and Commercial Director at
Sterling Insurance, David Sweeney said, “We are delighted to be
working with Towergate on this new initiative for them. Our
reputation and expertise in this market made us an ideal partner
for Towergate. Their distribution network is very complimentary to
our own and presents extensive growth opportunities for both
companies.
Media Contacts
Russell O'Connor
Group Communications Manager
Towergate
Mobile: 07760 282586
Email: Russell.o'connor@towergate.co.uk