Daniel J. 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 Guggenheim Partners, Inc is a global investment and advisory financial services firm that engages in investment banking, asset management, capital markets services, and insurance services. Guggenheim has c. 2,000 employees. The firm has offices ...

. Towriss is also the CEO of TWG Motorsports, which owns Cadillac Formula 1.

Education

Towriss went to High School at Muncie Central High School in Muncie, Indiana. Upon graduation, he went to

Indiana University Bloomington Indiana University Bloomington (IU Bloomington, Indiana University, IU, IUB, or Indiana) is a public university, public research university in Bloomington, Indiana, United States. It is the flagship university, flagship campus of Indiana Univer ...

on a baseball scholarship. After experiencing an elbow injury that ended his baseball career, he then went to

Ball State University Ball State University (Ball State or BSU) is a public research university in Muncie, Indiana, United States. The university has three off-campus centers in Indianapolis, Fort Wayne, and Fishers, Indiana. The university is composed of seven aca ...

where he graduated with a Bachelors of Science degree in Actuarial Science in 1994.

Career

Towriss is the founder, Chief Executive Officer and President of Group 1001, an insurance collective and financial services firm controlled by TWG Global, which is linked to

through their shared CEO

Mark Walter Mark Richard Walter (born January 1, 1960) is an American businessman and the chief executive officer of Guggenheim Partners, a privately held global financial services firm with more than $325 billion in assets under management. Outside invest ...

. 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. TWG Motorsports owns Cadillac Formula One, previously known as Andretti Cadillac Formula One Team. In October 2024,

Michael Andretti Michael Mario Andretti (born October 5, 1962) is an American former racing driver, and current team owner. Statistically one of the most successful drivers in the history of American open-wheel car racing, Andretti won the 1991 CART champions ...

had given control of

Andretti Global Andretti Global is an American motorsports organization with teams competing in the IndyCar Series, Indy NXT, Formula E, and joint entries in IMSA and the Australian Supercars Championship. Starting in 2026, Andretti will also operate the Cad ...

to Towriss. Towriss peviously joined Andretti's ownership group in May 2023.The Cadillac team will become the 11th team during the 2026 season.

Personal life

On October 10, 2020, Towriss married Cassidy Rudman. Shortly after midnight on December 31, 2019, he was involved in a boat crash near

Fort Lauderdale, Florida Fort Lauderdale ( ) is a coastal city located in the U.S. state of Florida, north of Miami along the Atlantic Ocean. It is the county seat of and most populous city in Broward County, Florida, Broward County with a population of 182,760 at the ...

. He was driving his 42-foot boat at high speeds 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. Lauren underwent major brain surgeries and a knee surgery due to the crash. As a result of the crash, the Silagys sued Towriss for $100 Million. They alleged that he had consumed two to three bottles of wine and another cocktail on the night of the boat crash. He was also subject to five misdemeanor criminal charges.

Charity

Towriss is on the Board of three non-profit organizations, the Cal Ripken Jr. Foundation; RISE, an organization that seeks to promote social justice in the sports realm; 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.

References

{{DEFAULTSORT:Towriss, Dan 1972 births Living people American chief executives of financial services companies Ball State University alumni