CLOSING
AMS turns off TowerStreet
AMS Services (www.ams-services.com) pulled the plug on TowerStreet at the end of October, citing market indicators and new goals for existing business units.
According to AMS Holding Group CEO Euan Menzies, the companys plan for TowerStreet was to create Net-based versions of P&C products and services. But, as he put it, as capital markets softened toward the end of last year, the company refocused TowerStreet to a narrower vision that included developing agency point-of-sale initiatives, and helping financial-services companies expand their use of existing platforms and architecture. But by midsummer, customer pickup rate was slower than expected.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
