Towergate London Markets in redundancy talks with staff

City of London

The London Markets broking team was moved into the underwriting arm of the business last year, and a spokesperson for Towergate said the company was now undergoing a 'realignment'.

Insurance Age understands that consultations with staff began last week, and that more than ten roles are at risk, but the spokesperson declined to comment on specific numbers.

Towergate made the following statement: “We can confirm that a number of employees within the Towergate London Markets business have entered

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