Towergate, Europe’s largest independently-owned insurance intermediary, today announces the acquisition of British Insurance, a leading provider of payment protection insurance.

Under the terms of the deal, Simon Burgess will remain as Managing Director of British Insurance.  All staff including Sara Burgess, have made the move to Towergate.

British Insurance is a successful business and leading brand in the Mortgage and Loan Payment Protection market controlling around £10m GWP.  It is an award winning business with ambitious growth plans, which will now be supported by the scale, skills, strong underwriting relationships and access to capital provided by Towergate.

Peter Cullum, Towergate’s Executive Chairman, said, “British Insurance is a great signing for Towergate and complements our existing payment protection capabilities.  As a leading brand name, the company will continue to run under its own identity through the leadership of Simon Burgess. 

Simon Burgess, Managing Director of British Insurance said, "This is a very exciting new phase in our development. We have built our business on our commitment to offering a very competitive and compelling proposition to consumers and concluded that Towergate was the ideal partner to support us this next phase of development."

British Insurance are leading providers of payment protection insurance with products consistently topping Which?, Defaqto and Moneyfacts best buy surveys. In addition, they are currently Mortgage Magazine ‘Best Insurance Broker’, Mortgage Strategy ‘Best Insurance Distributor’ as well as ‘Best MPPI Provider’ from both Mortgage Introducer and What Mortgage.