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Towergate
Partnership announces the acquisition of Insurance 4 Car Hire Agents Ltd
16th January
2008 Towergate
Partnership announced the acquisition of Insurance
4 Car Hire Agents Ltd (I4CH), an internet based insurance agency providing
specialist insurance products for the car rental market. I4CH will form part of
Towergate's Retail Division headed by Amanda Blanc. I4CH
is the UK's leading internet based insurance business providing niche insurance
products for customers using the car rental market. Founded 5 years ago I4CH provides
customers a number of products designed to insure against the high excess that
can be charged by car rental companies when hiring a vehicle. It's products offering
includes cover for damage to windows, tyres, roof and the undercarriage of the
vehicle, which tend to be general exclusions of car rental agreements. The
acquisition of I4CH provides Towergate access to a successful internet based business
where all sales and fulfilment are carried out online. This will help Towergate
strengthen its online capabilities and build its expertise further in the distribution
of consumer products online. Peter
Cullum, Executive Chairman of Towergate said, "This is a business with a great
track record and significant growth potential. It's yet another great signing
for Towergate which will help strengthen our online capabilities and product offering
to customers". More
about Towergate Towergate
was established in 1997 to provide insurance in niche markets ranging from holiday
homes to cherished cars. They have expanded and broadened our products range to
over 200 - the widest range of specialist and traditional products in the UK market.
Towergate
is now Europe's largest independently owned insurance intermediary. They have
over 3,500 committed staff operating out of 100 UK offices. Towergate's reputation
for innovation, progression and dynamism is backed up by recognition from the
Sunday Times as a Profit Track 100 company. Their Executive Chairman, Peter Cullum
is a former winner of the ‘UK Entrepreneur of the Year' award and is the current
M&A ‘Deal Maker of the Year'. Source:
Towergate
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or New Year break - December 2008 Drivers
Down Under Hit by biggest Car Hire Excess Charges – Don’t go the distance without
protection, warns INSURANCE4CARHIRE.COM - Excess charges incurred by drivers in
Australia disproportionately high compared to other motorists - June 2008 Drivers
Abroad are stumped by hefty Car Rental Excess costs, but could save £££’s on the
holiday budget with an annual policy - April 2008 Confusing
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pitfalls that can leave you out of pocket when hiring a car on holiday, warns
Insurance4car.com - April 2008 Age
no barrier to protection for older drivers – Low cost excess waiver policy helps
over 75s stay on the Road - March 2008 Brits
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firms cash in on UK drivers with massive excess charges - March 2008 insurance4car
hire.com - March 2008 Brits
go holiday crazy reckons major survey – but Insurance4carhire.com says watch out
for excess car hire charges - March 2008 Trusting
travelers tripped up by Holiday Car Hire pitfalls – Wise up or pay up, says Innsurance4carhire.com
- March 2008 The
Great Excess Insurance rip-off - EU Car Rental firms fleece Brit drivers with
massive excess Penalties - February 2008 Towergate
Partnership announces the acquisition of Insurance 4 Car Hire Agents Ltd - January
2008 Lower
prices for car hire excess insurance from December - December 2007 Annual
Car Rental Insurance Renewal is here again - October 2007 ALSO:
Exercise your constitutional rights in the air - January 2001
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