Insurance publication,
Post Magazine reports that…
Peter
Cullum and Andy Homer's hopes of reacquiring Towergate look set to be dashed as
the broker seeks to bring an end to a lengthy sale process. Cullum and Homer,
the founder and former CEO of the broker respectively, are known to have been
exploring a bid for the embattled business, however, sources have told Post the
duo are now considered rank outsiders as talks continue with US private equity
businesses and global broking giant Marsh…
For staff and customers,
the roller-coaster trundles along with all of the associated uncertainty. Becoming part of global broker, Marsh, is
probably the most positive outcome, but that will certainly entail UK
redundancies as Marsh already has extensive UK operations.
Watch this space as the
story unfolds – it seems to be coming to a head pretty swiftly now after months
of seemingly rudderless drifting.
Here is an amusing little story
here about Towergate and the original retirement of founders Cullum and Homer in 2011 –
and a short cartoon. Shame the film seems to have been viewed once and the lost! Still the picture (left) is a pretty fair representation of the good Mr Cullum and the equally good Mr Homer!
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