28-11-2014 18:22 via insuranceinsider.com

Towergate rallies support from bondholder groups

The saga around loss-making UK broker consolidator Towergate has
taken another twist as some of its bondholders banded together to
issue a note of support for the struggling firm.
The statement, issued by Towergate's PR agency, was
attributed to "a majority of the company's senior
unsecured creditors, commenting through their advisers".
"We are fully supportive of Towergate. We welcome the
constructive dialogue that we are having with the company's
management to assist
Read more »