Grimsby’s Jelf Insurance branch is to close, with up to 20 jobs understood to be lost before Christmas.
The national provider of business cover is restructuring as it adopts the Marsh Commercial name early next year, following a 2015 acquisition by the New York Stock Exchange-listed entity.
As part of the move the Hull office to be strengthened as a regional base.
Some positions may be redeployed to the North Bank, but the company would not confirm any exact numbers.
Located in the prominent Custom House building by the Cleethorpe Road flyover at Lockhill, it previously traded as Smart & Cook, then Bluefin until it was acquired in 2017 by Jelf.
It is understood to be one of 14 closures.
Founded in Bristol in 1989, and with subsequent mergers with Bluefin, Clark Thomson, and JLT, Jelf became one of the largest insurance brokers in the UK, building to a £250 million organisation.
In a statement on the company’s website, it said it will “leverage the scale, expertise and access to the broad range of products and services provided by Marsh for the benefit of our clients – whilst retaining the flair, flexibility and personal service that our clients have come to expect”. It adds that it will “serve our clients through a streamlined structure” across the UK.
When announcing the rebrand in September, Anthony Gruppo, chief executive, told of “co-locating colleagues where existing offices are close together”.
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