The move comes after Markerstudy purchased broking business Atlanta
Markerstudy has revealed that it is looking at closing several Clegg Gifford offices following a review.
Lloyd’s broker Clegg Gifford, which was acquired by Markerstudy in 2021, has more than a dozen offices up and down the UK.
After Markerstudy finalised its acquisition of broking business Atlanta in June 2024, its distribution team carried out a review of operations across its estate of brands and offices.
A spokesperson told Insurance Times that the review ”identified various sites where there is duplication with our existing offices and teams in the area”.
They added: “We can confirm that as part of this review, several Clegg Gifford offices were already coming to the end of their leases, these will then form part of this rationalisation.”
Cuts
This comes after Markerstudy revealed in October 2024 that around 750 employees across the group will exit the business.
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Staff will be supported throughout the process, which is set to go on through the course of 2025.
The spokesperson added: “As part of a wider group process, some roles have been placed at risk of redundancy accordingly.
“We are supporting our colleagues during this process.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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