2018 has been a memorable year for Tower Insurance so far, celebrating their 90th Year in business on the Island in January. At the Gala Celebratory Dinner, Peter Gallagher, Managing Director announced that 2018 would be his final year in charge of the Isle of Man’s Leading General Insurer and would be passing the reins of the business over to his successor.

New Managing Director of Tower Insurance, Emmet McQuillan with retiring MD, Peter Gallagher

The new Managing Director of Tower Insurance, Emmet McQuillan with retiring MD, Peter Gallagher.

 

On 30th April 2018, Peter officially retires from the business after a long career with the RSA Group. Peter has worked for RSA for almost 44 years and started his career as a Professional Trainee with the Sun Alliance Group in Dublin on Monday 16th September 1974. After a few years, Peter was promoted to the position of Inspector, what we now call a Business Development Manager, covering the counties of Sligo and Donegal in the east coast of Ireland.

In 1983 Peter accepted a job in Saudi Arabia as an Account Executive working in the capital Riyadh. He was later promoted to Branch Manager of the Company’s operation in Jeddah.

By 1990 Peter and family had moved to Kuala Lumpur in Malaysia, working as the Deputy General Manager. His goal was to develop business with brokers, at the time most of the company’s business came from tied agents. By the time he left in 1997 business had trebled and 70% was through brokers.

Next stop for Peter was Kingstown, Jamaica where he was General Manager from 1997 – 1999 and then in 1999 Peter moved to manage the RSA business in Northern Ireland.

The lure of warmer climates came again and it was in 2004 when Peter was asked to become CEO of a small but very profitable part of the RSA Group in Curacao which is part of the Dutch Antilles in the Caribbean just off the coast of Venezuela.

This would only last a few years and in 2007 Peter became Managing director of ICCI in the Channel Island’s before moving to the Isle of Man in September 2009 to take over from David Stacey as Managing Director of Tower Insurance. Under Peter’s leadership, the Tower business has continued to grow and delivered results for the RSA Group, whilst continuing to deliver first class products and services to the Isle of Man market.

So after 15,932 days, Peter had decided to call it time on a highly successful career that has taken him and his family across the world. “I have thoroughly enjoyed my time with the group and have had a very varied and exciting career, which has taken me to some interesting places. Of course, I will miss the people, the staff at Tower have been a joy to work with and I know they will continue to deliver the first class service they always have for my successor”

Lee Mooney, CRS Director for RSA, “Peter’s contribution to the RSA Group has been outstanding. His leadership and management skills have been invaluable and he has engaged staff in many offices with his warmth and inclusive nature, leading to some fantastic results.

I would like to thank Peter on behalf of the group, but also thank him on a personal level as being one of the nicest gentlemen I have met and proud to call him a friend”

As one chapter closes, another one opens for Tower Insurance.

From 1st May 2018 Emmet McQuillan will take over as the new Managing Director of Tower Insurance. Emmet, like Peter, has worked for the group his entire career and has an extensive knowledge of the local and national insurance market and currently is the Underwriting Manager with Tower.

As a Chartered Insurer and past president of the Insurance Institute of the Isle of Man, Emmet has commented;

“I am honoured to be taking over at Tower Insurance as the new Managing Director; I have some big shoes to fill. I am confident that Tower can continue to be the insurer of choice on the island and look to develop our offering over the coming years, taking full advantage of technology, our excellent broker network here on the island and our group relationship with parent company RSA”