TOWERGATE BROKERS BUILDINGS INSURANCE TRADING PROBLEMS

You are here : Member Forums General Discussion TOWERGATE BROKERS BUILDINGS INSURANCE TRADING PROBLEMS
This topic has been locked as no posts have been made within the last 90 days.
Forum Avatar
Leeds Landlord
63 Posts
3 Thanks
Hi All

I transferred my Buildings Insurance property portfolio to these people 3 years ago approx. ( if I am not mistaken as encouraged by RLA)

Today in the Yorkshire Post is a article saying the brokers have major financial problems, losses of 112.7million in nine months, and their bonds expected to default (worth just 38 per nominal 100 despite 10.5% coupon).

Ok they are my brokers not my insurers, however by 1 December I need to pay them my renewal which judging by last years will be 2000, (they cant seem to provide it just yet).

Has anyone any thoughts on this?

Did/are RLA recommending them just now if so what is their view?

Thanks

20/11/2014 18:57

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Landlord & Investment Show
Remove a Tenant
Landlord Broadband
John Pye Auctions

Share this page