Towergate-owned firm hit by mortgage downturn
Mortgage payment protection insurance provider Paymentshield is in consultation with 62 staff after confirming plans to cut its workforce.
The Towergate-owned company, which employs over 300 staff, has been hit by the downturn in the mortgage market.
New chief executive Tim Johnson, formerly boss of Cullum Capital Ventures, said non-customer facing roles and contractors would be cut.
See this week’s issue of Insurance Times for more.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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