Towergate acquires £10m GWP broker

Towergate has completed the acquisition of Hull-based broker Rixon Matthews Appleyard.

Under the deal, all 25 staff have moved to Towergate which increases the consolidator's presence in Hull.

Rixon Matthews Appleyards, which was set up over 40 years ago, controls premiums of £10m in commercial and personal lines business and specialist niches including garden centre, glasshouses and growers schemes.

Amanda Blanc, chief executive of Towergate Risk Solutions, said: “This is an exciting opportunity for Towergate to strengthen our position as a leading broker in Hull. We’re delighted to sign up Rixon Matthews Apppleyard which is a first class business that fits our profile of leading expertise, high quality people, and growth potential”.

John Mutch of Rixon Matthews Appleyard added: “I and the rest of the RMA team are delighted to be joining Towergate. They will provide 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”.