Significant job losses as ReAssure closes Lytham office

ReAssure is to close its Lytham office, which was once Guardian Financial services, one of Lancashire's highest-grossing businesses.

ReAssure, the closed-book insurance company  acquired Guardian Financial Services in 2015, for £1.6bn. The Lytham office had employed up to 200.

The company said it had completed a strategy review in the UK that will streamline operations by closing the Lytham office in the second half of 2018.

ReAssure has begun consultations with Unite the Union about its proposal to close the office over the coming months. The Lytham office employed up to 200 employees.

A statement read: "It is an important part of ReAssure's strategy to ensure that it will have the optimal office setup, necessary for its continued growth through future acquisitions, while simultaneously offering the highest level of operational efficiency possible. "The ReAssure management team acknowledges that this is difficult news for the employees and their families, and they will now start consultations with the union in to make sure the Lytham employees are supported throughout this challenging transition period."