Mark Hodges
Moody’s downgrades Towergate after patchy 2012 financial results
Towergate’s financial results for 2012 have revealed vastly divergent performances among its four main insurance divisions, ranging from a 24% year-on-year drop in earnings in its network arm to a 17% rise in underwriting earnings.
CCV expands with two acquisitions
Cullum Capital Ventures, part of the Towergate Insurance Group, has acquired Morgan Brokers and its subsidiary company M Wood Insurance Services, as well as Newbold Barwick Associates.
Towergate reports £42.4m Q3 pre-tax loss
Towergate has reported a 5% increase in its third quarter earnings, published today, but reported a total group loss before tax of £42.4m (Q3 2011: £41.6m loss).
M&A activity continues at Towergate with four more deals
Towergate has brought its 2012 acquisitions total up to 23 following the purchases of non-life business Newstead Insurances Brokers and general insurance broker Grenville Westinsure.
View from the top: Opportunity continues to knock
Towergate is celebrating its 15th anniversary this month, leading Mark Hodges to think about how much the industry has changed in the firm's corporate lifetime.
Hodges: £90m M&A pot half spent but always replenished
Towergate has no intention of easing off from merger and acquisition activity as it ploughs ahead with a plan to grow its top and bottom lines over the next two years.
Towergate posts 5% rise in operating earnings on H1 loss of £25m, as Network division suffers
Towergate Insurance has reported operating earnings of £80.6m (HI 2011: £76.7m) for the first half of the year to 30 June 2012, with a loss before tax narrowing slightly on the same period last year to £25.5m (£25.1m), as its four divisions revealed…
Towergate nabs Bupa chief risk officer Jackson
Bupa chief risk officer Keith Jackson will quit his role to take on an identical position at Towergate when he joins the firm on 8 October.
Towergate M&A boss outlines 2012 targets following double raid
Towergate is on track to double last year's acquisitions total, leading the firm's M&A director to hint at yet more upcoming deals across the UK.
Towergate confirms departure of directors
Towergate has confirmed the departure of integration director Jonathan Walker and former finance director Tim Philip.
Egan set to undertake Towergate CFO role from next week
Recently appointed Towergate chief financial officer Scott Egan will begin work at the broker on April 12 before becoming a member of the firm’s partnership board and executive committee.
Powerplace not a top five priority, admits Towergate CEO Hodges
Towergate chief Mark Hodges has declared that Powerplace is not even in the top five of his priorities at the insurance broker.
Oval and Giles management changes sign of wider consolidator shake-up
The change at the top at Oval has been a "long time coming", it was claimed this week, during a 24-hour period that saw another shake-up at rival consolidator Giles result in managing director Sarah Lyons being placed "on leave" amid "contractual issues".
Hodges reunites with former Aviva colleague Egan as Patrick quits Towergate
Towergate Insurance has appointed Scott Egan as group finance director.
Matthews CEO on Friday
Aviva has confirmed that Trevor Matthews, pictured, will join the board as chief executive officer of Aviva UK from 2 December 2011.
Hodges makes first mark on Towergate with Barr and Rea moves
Towergate’s new group chief executive Mark Hodges has made his first mark on the business he took over at the start of September.
Colosso and Barr leave Gallagher Heath as Hodges starts new role early
A week of departures and early arrivals within the broking community has resulted in former Heath Lambert bosses Adrian Colosso and Graham Barr leaving Gallagher Heath, while ex-Aviva UK CEO Mark Hodges has started work at Towergate earlier than expected.
Interview - Ant Middle: Taking the Middle ground
Rejoining Aviva after spending 10 years at Axa was an attractive choice for Ant Middle, during a time of upheaval at both companies. He talks to Mairi MacDonald about the changes and challenges that lie ahead.
Penny black's insurance week
One could be forgiven for losing track of what's going on behind the revolving door at Aviva Towers of late, where the UK insurance giant has been hit by a spate of senior management changes.
News analysis - Mark Hodges' move: A little bit of history repeating
With the shock news that Mark Hodges is to join Towergate, Daniel Dunkley reports on the market's reaction and what this means for Aviva and the consolidator.
Homer: Hodges was “only credible” external option
In an exclusive interview with Postonline, outgoing Towergate chief executive Andy Homer has hailed the coup of recruiting Aviva UK CEO Mark Hodges to run the broker - insisting he was the “only credible external option” to succeed him.
Towergate chair Lyons: Hodges will join "in a few months"
The appointment of Towergate’s new group chief executive Mark Hodges is not a “starting gun” for a listing, according to its chairman.
Post Blog: History repeating itself - a tale of two Towergates
Having been rebuffed a fortnight ago when inquring about whether Aviva UK CEO Mark Hodges was jumping ship to join Towergate as group CEO, the Post news desk was not exactly surprised when he was unveiled as Andy Homer's successor today.
Post Blog: History repeating itself - a tale of two Towergates
Having been rebuffed a fortnight ago when inquring about whether Aviva UK CEO Mark Hodges was jumping ship to join Towergate as group CEO, the Post news desk was not exactly surprised when he was unveiled as Andy Homer's successor today.