Towergate Insurance was founded in 1997 and is Europe's largest independently owned insurance intermediary. Towergate operates through five main areas of operation: broking (Towergate Risk Solutions), underwriting (Towergate Underwriting), networks for independent brokers, Towergate Financial and Paymentshield.Towergate's former executive chairman, Peter Cullum, announced in June 2008 an interest in investing in Norwich City F.C..