Towergate announces changes to executive team

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INSURANCE firm Towergate has announced that interim CEO Scott Egan will be leaving the company, to join the executive board of RSA Insurance Group as group chief financial officer.

Mr Egan was appointed interim CEO in February 2015 and will continue to operate in this role as he serves a notice period. The company also confirms the appointment of Mark Mugge as Towergate Group chief financial officer following the planned departure of the company’s interim CFO.

Mr Mugge will continue with his responsibilities as chief operating officer, pending a new appointment.

A spokesman said: “As announced on June 26 2015, the imminent arrivals of Janice Deakin and Sarah Dalgarno followed by Adrian Brown and David Ross remain on track.”

John Tiner, the chairman of Towergate, said: “I would like to thank Scott for his significant contribution to Towergate and the leading role he played in securing the group’s successful restructuring and recapitalisation. We wish Scott all the best in the next phase of his career. Towergate is now a stronger, refocused business with a more confident outlook and a depth of talent throughout the company. These attributes are key in serving our clients and position the company for success in the future. I am also delighted to announce the appointment of Mark as Group CFO. He has extensive experience working in senior finance roles in the insurance sector and, having joined as chief operating officer in February, already has a strong familiarity with the business.”