Exodus from broker continues, with more senior departures expected
Towergate’s Midlands managing director Andy Smallwood resigned last week and is to join Gallagher Heath, Insurance Times understands.
Smallwood was part of the broking division of Towergate Retail. He was appointed to the role in August to join 10 other regional managing directors as part of a revamped broking structure.
Smallwood’s ex-boss, David Partington, left Towergate in October. Partington headed up the 11 regions of the Towergate division.
Towergate Risk Solutions Nottingham managing director Sally Swann has also resigned after more than six years with the firm.
Swann joined Towergate in 2005 when it opened its Nottingham office. Previously, she was a director of Leicester-based broker Bland Bankart, bought by Oval in 2004.
Further senior departures are expected at Towergate.
This week Insurance Times also reported that PowerPlace, Towergate’s sister company, could cut a quarter of its sales team after a review of the business.
About 10 job roles out of the 40-strong unit are under threat. However, most of those 10 staff are to be offered other jobs being created in PowerPlace’s wider business.
The review follows last month’s exit of PowerPlace sales and marketing director Darren Rowe, understood to be on gardening leave.
He joined PowerPlace from parent company Towergate in 2010 as sales director and was promoted to sales and marketing director in February 2011.
Gallagher, PowerPlace and Towergate declined to comment.