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Daily Insurance Industry News
Monday 15th of October 2018
February 28, 2008

Towergate acquires PMI provider City & Suburban

by David Masters

Story link: Towergate acquires PMI provider City & Suburban

Towergate has reported the acquisition of private medical insurance provider City & Suburban Health.

Under the deal, City & Suburban’s staff and management will be continue to be led by the current managing director, Lee Birch.

City and Suburban was established in 1997, and focuses on providing PMI cover for UK SMEs. Towergate hopes that the acquisition will contribute to making the group a leading player in the PMI market.

Towergate’s executive chairman, Peter Cullum, said of the acquisition: “This is another great signing for Towergate.

“This is the first of several PMI acquisitions currently under discussion for completion this year and will help position Towergate Healthcare as a leading player in the PMI market.”

Lee Birch added: “We’re convinced that Towergate is the right home for our business. Its plans for the PMI market are exciting and closely match the needs of our clients who demand great products combined with first class customer service.”

 

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