Planned Essex office closure is as result of integration following Oval and Giles acquisitions and lease expiration
Arthur J Gallagher is planning to close its Rayleigh office by the end of March and is consulting with its 25 staff over the possibility of relocating the roles and redundancy, Insurance Times understands.
Insurance Times understands up to five people are at risk of losing their jobs.
The office in Essex, previously traded as Giles, which was bought by Gallagher in November 2013.
Insurance Times understands the closest sites to the Rayleigh branch where broking and underwriting staff could be relocated to, are Chelmsford and Feering.
The broker says it has been prompted to review its branch situation, as a result of integrating its Oval and Giles businesses and the Rayleigh lease expiring, next month.
A spokeswoman for Gallagher told Insurance Times: “We are working with the team to best establish how we will continue to look after our clients and re-house the two teams working from that site.
“With the lease coming to an end it gave us natural pause to reflect on the fact we have three sites in Essex. Whilst individual conversations are ongoing it is not appropriate for us to go into more detail.”
The broker did not disclose exactly which branches would pick up parts of the Rayleigh business, adding that discussions were still ongoing.