Towergate in new launch

Towergate has launched a new events and media insurance business called Towergate Coverex.

The company said that Towergate Coverex combines the strengths of Woodgates and Coverex International along with some existing specialisms across Towergate to create a significant new capability.

The new Towergate Coverex team of 33 will be headed by John Harrison who was formerly chief executive of Woodgates, the leading events and exhibitions insurance broker which Towergate acquired in February 2008.

Towergate Coverex will operate as both a specialist wholesale and retail broker providing expert advice and leading edge products for event organisers, exhibitors, contractors, performers in film, advertising, media of all types and performing arts.

John Harrison, chief executive of Towergate Coverex said: “Towergate Coverex enables us to continue to service our clients with the personal touch of a smaller company whilst maintaining the high standards for which we are recognised. This new specialist capability also gives us greater access to a wider range of products combined with the benefits of greater purchasing power.

“These are exciting times for Towergate Coverex, where we can greatly assist direct clients and intermediaries alike with our knowledge in these specialist areas. With underwriting delegated authority we can give pricing indications without delay”.