Dan Towriss is an American businessman and financial-services executive who serves as CEO of TWG Motorsports, the division that owns the Cadillac Formula 1 Team. Born Daniel Jonathan Towriss in July 1972 in Muncie, Indiana, he is the founder, president and CEO of Group 1001, a privately held insurance and financial-services firm whose brands include Delaware Life and Gainbridge. ¹²

Education and business career

Towriss attended Muncie Central High School and went to Indiana University on a baseball scholarship before an elbow injury in his freshman year ended his athletic ambitions. He transferred to Ball State University, graduating cum laude in 1994 with a degree in actuarial science. After starting in the life-insurance industry, he joined Guggenheim Partners in 2009 to help build its insurance investment platform, which he later led out in a buyout to form Group 1001. He credits the data-analytics discipline of actuarial science with helping grow the business across insurance, sports and motorsport. ²

“Towriss moved into motorsport through Group 1001's Gainbridge brand and its IndyCar sponsorships.”

Entry into motorsport

Towriss moved into motorsport through Group 1001's Gainbridge brand and its IndyCar sponsorships. He joined Michael Andretti's ownership group in May 2023 and, in October 2024, took control of Andretti Global from Andretti. The motorsport holdings were organised under TWG Motorsports, a division of TWG Global — the investment vehicle co-led by Guggenheim CEO Mark Walter, whose interests also include the Los Angeles Dodgers and a stake in Chelsea FC. ¹³

Cadillac and Formula 1

On 25 February 2025 Towriss was named CEO of TWG Motorsports. The F1 project — originally pursued under the Andretti name and rejected by the commercial rights holder despite FIA approval — was restructured around General Motors and TWG, and formally approved on 7 March 2025 as the championship's 11th team. It is widely reported to have involved a US$450 million anti-dilution fee. Cadillac runs Ferrari power units as a customer team for 2026 while GM develops its own power unit later in the decade. Towriss has described the rush to be ready as building "a ship while we are sailing it." ¹⁴⁵

Why he matters

Towriss is the financial and strategic force behind the most significant new F1 entry in years. His insurance-and-investment background underpins the long-term funding the project requires, while his control of the former Andretti operation gave the GM-backed bid its racing infrastructure and personnel. As the 2026 season has unfolded he has pushed back hard on doubters: "To those who said, 'You're a backmarker,' I'm saying you don't know much about Formula 1." ¹⁶

Bottom line

As CEO of TWG Motorsports, Towriss is the businessman who turned a rejected Andretti bid into an approved, GM-backed Cadillac entry — the ownership-side architect of Formula 1's first new team since 2016. ¹³