Towergate Underwriting starts its journey to become Geo Underwriting
01 February 2018
Towergate Underwriting, the core business within The Ardonagh Group’s MGA segment, today begins its journey to Geo Underwriting.
Under the leadership of CEO Paul Dilley, Geo takes its first step in transforming into an agile MGA structured for long term success in an ever-evolving insurance market.
With the new regulated entity now established, the central, specialty, personal lines and private clients businesses will be the first to go live under the new Geo brand effective today.
These businesses start to shape the new Geo structure, based around four pillars. Geo UK, Geo Europe and Geo Specialty – both of which launched last year with offerings in Scandinavia and the London Market, and Geo Partners, which will contain businesses acquired that will continue to trade under a separate brand, currently containing Property Initiatives Underwriting Agency (PIUA) and Solis Re.
Along with the new structure, the business will also look to further simplify and improve its offering in the market by reviewing their pricing and product portfolio, with the first signs of this being seen in the new Geo Private Clients’ high-net-worth proposition.
Paul Dilley said today marks a key milestone for our business and the start of our journey.
“To be a successful MGA you need a point of difference – not only in terms of products, but the expertise and service you offer to your clients.
“Not only are we introducing a refreshing new brand to the market but we will continue to seek and invest in people, creating a culture that fosters innovation, drives better behaviour and therefore results.”
The evolution to Geo Underwriting is no small task and work will continue in a phased approach through 2018. For more information, visit the new Geo Underwriting website www.geounderwriting.com.
Notes to editor
Geo Underwriting focuses on delivering value through providing specialty lines, differentiated service and bringing underwriting expertise closer to the customer. Geo Underwriting is one of The Ardonagh Group of companies.