Staff in redundancy talks as brand scrapped and 13 of 16 offices close

Towergate is shutting BNIB, a regional broker with 16 offices.

Staff have entered a 30 day consultation period and a number of redundancies are expected.

The consolidator is scrapping the brand and moving the books of business and remaining staff into regional Towergate offices.

Three of the existing offices will remain open where there are no neighbouring Towergate offices, but the brand BNIB will cease to exist.

BNIB, formerly Broker Network Insurance Brokers, was originally acquired by Broker Network Limited, in turn acquired by Towergate.

Towergate declined to comment.

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