Cuts are not widescale, says Towergate

Towergate has axed 12 jobs as part of a shake-up of its Midlands offices, writes Saxon East.

The jobs have been shed because of the broking giant’s decision to move its administrative office from Shrewsbury to Stoke.

A spokesman said Towergate Mardon, which is the firm’s leading marine business, was not affected.

“This is a local decision rather than part of a single national exercise,” he said.

“Towergate Mardon will stay in Shrewsbury and we will retain a client account executive team to continue to serve local business customers.”

About 30 people will remain in Shrewsbury. The expanded Stoke office will have 50 staff.

“We do not envisage more than a dozen or so redundancies – where there is no job available or a colleague does not want to work from another location,” said the spokesman.

Restructuring began at Towergate, chaired by Peter Cullum, at the start of this year.

In January, managers at its retail division in the south were replaced by graduates from Towergate’s business school.

Joe Thelwell, 27, became the company’s youngest managing director after being promoted to head Towergate Risk Solutions (TRS) in Poole.

Nick Hatch became boss of TRS in north London, and Towergate GHBC, based in Hertfordshire.

TRS also opened a new office in Manchester, led by Mike Shelley.

Manchester-based Towergate Professional Indemnity also moved into the new office. Alan Eyre remained as managing director.