Dan Towriss

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Dan Towriss
Born1972 (age 52–53)
Muncie, Indiana, U.S.
Alma materIndiana University Bloomington
Ball State University (BS)
OccupationBusinessman
Known forCEO of Group 1001 and TWG Motorsports
SpouseCassidy Towriss

Daniel Jonathan Towriss (born 1972) is an American businessman who is the founder, chief executive officer and president of Group 1001, a privately held insurance collective and financial services firm, which is a subsidiary of TWG Global and affiliated with Guggenheim Partners. He is also the CEO of TWG Motorsports which owns Cadillac Formula 1.[1][2]

Education

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Towriss attended Muncie Central High School in Muncie, Indiana.[3] After graduating he went to Indiana University Bloomington on a baseball scholarship. After experiencing an elbow injury which ended his baseball career, he went to Ball State University where he graduated with a Bachelor's of Science degree in actuarial science in 1994.[4]

Career

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Towriss is the founder, CEO and president of Group 1001, an insurance collective and financial services firm controlled by TWG Global, which is linked to Guggenheim Partners through their shared CEO Mark Walter.[5] Towriss has helped Group 1001 accumulate over $66 billion in assets.

On February 25, 2025, he was named the CEO of TWG Motorsports, a subsidiary of TWG Global.[6][7] TWG Motorsports owns Cadillac Formula One, previously known as Andretti Cadillac Formula One Team.[8] In October 2024, Michael Andretti had given control of Andretti Global to Towriss. Towriss had joined Andretti's ownership group in May 2023.[9]The Cadillac team will become the 11th team during the 2026 season.[10]

Personal life

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On October 10, 2020, Towriss married Cassidy Rudman.[11]

Shortly after midnight on December 31, 2019, he was involved in a boat crash near Fort Lauderdale, Florida.[12] He was driving his 42-foot boat at a high speed when it crashed into a fishing jetty. He was ejected from the boat and sustained serious injuries along with his fellow passengers, Jarret and Lauren Silagy, and his future wife, Cassidy.[13] Lauren Silagy underwent major brain surgeries and a knee surgery due to the crash.[14] As a result of the crash, the Silagys sued Towriss for $100 million.[15][16] They alleged that he had consumed two to three bottles of wine and another cocktail on the night of the boat crash. He also received five misdemeanor criminal charges.[17]

Charity

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Towriss is on the board of three non-profit organizations, the Cal Ripken Jr. Foundation;[5] RISE, an organization which seeks to promote social justice in sports;[18] and Indy Women in Tech. In February 2024, he donated $2 million to build the Muncie YMCA on the campus of his former high school, the Muncie Central High School.[3]

References

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  1. ^ "Cadillac F1 to be managed by global group TWG Motorsports. Dan Towriss named CEO of racing portfolio". AP News. February 25, 2025. Retrieved June 1, 2025.
  2. ^ Motorsports, T. W. G. "TWG Global launches TWG Motorsports with brands across F1, INDYCAR, NASCAR and IMSA". www.prnewswire.com. Retrieved June 1, 2025.
  3. ^ a b Rhodes, Mike (February 28, 2024). "Generous $2 Million Gift From Dan and Cassidy Towriss Fuels YMCA of Muncie's Capital Campaign". Muncie Journal. Retrieved June 1, 2025.
  4. ^ "Gainbridge Executive and Ball State Alumnus Dan Towriss to be Recognized Prior to Football Home Opener". Ball State University Athletics. Retrieved June 1, 2025.
  5. ^ a b "Daniel Towriss". Cal Ripken Sr. Foundation. May 12, 2025. Retrieved June 1, 2025.
  6. ^ Fryer, Jenna (February 25, 2025). "Cadillac F1 to be managed by global group TWG Motorsports. Dan Towriss named CEO of racing portfolio". Kget.com.
  7. ^ Martin, Bruce. "Michael Andretti Out At Andretti Global Racing As Dan Towriss Takes Control". Forbes. Retrieved June 1, 2025.
  8. ^ "TWG Global launches TWG Motorsports with brands across F1, INDYCAR, NASCAR, Formula E and IMSA". Andretti Global. February 26, 2025. Retrieved June 1, 2025.
  9. ^ Cavin, Curt (May 25, 2023). "Catching Up With ... Group 1001 CEO and President Dan Towriss". IndyCar.com. Retrieved June 1, 2025.
  10. ^ Harrington, Alex (March 8, 2025). "Three words that marked Cadillac's historic entry into Formula 1 for the Towriss family".
  11. ^ "Wedding Registry". Williams Sonoma.
  12. ^ "Four Hoosiers in Fort Lauderdale boat crash identified". WRTV Indianapolis. January 1, 2020. Retrieved June 1, 2025.
  13. ^ Firm, Hickey Law (August 22, 2020). "Serious Boat Crash Leaves Two Passengers With Serious Life-Altering Injuries". Hickey Law Firm Accident and Injury Trial Lawyers. Retrieved June 1, 2025.
  14. ^ Ariza, Mario (September 3, 2020). "CEO who crashed boat into jetty faces criminal charges". Sun Sentinel. Retrieved June 1, 2025.
  15. ^ Jannsen, Peter (September 6, 2020). "CEO Faces Criminal Charges in Lauderdale Crash". Florida Sun Sentinel. Retrieved June 1, 2025.
  16. ^ Baitinger, Brooke (August 5, 2020). "Couple sue boat driver for $100 million in Port Everglades jetty crash". Orlando Sentinel. Retrieved June 1, 2025.
  17. ^ Baer, Justin. "Florida Charges Guggenheim Insurance Chief for Role in Boat Crash". WSJ. Retrieved June 1, 2025.
  18. ^ "RISE". www.risetowin.org. Retrieved June 1, 2025.