Towergate takes over at T F Bell

by David Masters

Story link: Towergate takes over at T F Bell

Leciseter broker T. F. Bell Group have been acquired by Towergate.

The terms of the acquisition require T. F. Bell’s 57 staff and directors to move to Towergate. They will continue to be run as a team, led by CEO Stephen Hough, and will be based at two sites in Hinckley.

T. F. Bell is Towergate’s fourth business in the city, as they already boast three successful subsiduary firms including commercial broker Towergate Risk Solutions Leicester, military kit insurance provider Towergate Wilsons, and online intermediary for the mortgage broker market, Towergate Home and Protect. T. F. Bell is a market leader in general, healthcare and financial services brokerage with a GWP of over £15 million.

Towergate’s executive chairman, Peter Cullum, said of the acquisition: “The T F Bell team adds some great expertise to Towergate, and it will help enhance our healthcare and financial services capabilities.

“This new family member also increases our presence in Leicester where we already have a significant operation.”

Stephen Hough added: “I’m delighted that we will be able to continue to offer our clients a high level of service in the knowledge that we will now have access to a much wider choice of products available through the Towergate family.

“It also provides us with the size and scope to build our broking capability whilst providing our staff real career opportunities available from being part of a progressive and ambitious company”.