Towergate Insurance's group income down about 10% in Q3
Posted On: Nov. 24, 2015 12:00 AM CSTLondon-based insurance broker Towergate Insurance Ltd.'s group income decreased about 10% year on year to £87 million ($132.1 million) in the third quarter of 2015, reports City A.M.
The broker's income for the first nine months of 2015 also decreased by about 10% to £271 million ($411.7 million).
"Our financial performance has been impacted by a well-documented period of instability," said Towergate CEO David Ross.