Marsh has announced that, following approval by Jelf Group shareholders and regulatory authorities, it had completed its previously announced acquisition of Jelf Group.
Jelf is one of the UK’s leading independent insurance brokers and financial services consultancies. Through its 36 offices, Jelf provides expert advice to over 100,000 businesses and individuals on matters relating to insurance, healthcare, employee benefits and financial planning.
Jelf provides Marsh with a broad set of capabilities that enable it to expand its offering to individuals and small and medium-sized enterprises (SMEs) as well as strengthening its presence in the UK mid and large-sized corporate segment. Together, the two firms bring the scale and resources to create market-leading solutions for clients in these segments.
The combination of Jelf and Marsh offers an enhanced experience for customers through both Jelf’s and Marsh’s regional offices and broker networks. The combined operation will also benefit from the on-line and telephone capabilities of SME Insurance Services, which was recently acquired by Marsh, as well as the affinity opportunities within Marsh’s large corporate client base.
Commenting on the announcement, Mark Weil, Marsh’s CEO for UK & Ireland, said: “I have the highest regard for Jelf and the people that work there. The addition of the team at Jelf strengthens the advice and products we provide to individuals and companies of all sizes across the UK. Crucial to this is the cultural fit between the two firms. We share the same ethos of putting our clients and colleagues at the centre of everything we do. We want to build on Jelf as the cornerstone of what we offer to individual and small to medium size enterprises. We are delighted to welcome Alex and the Jelf team to Marsh.”
Alex Alway, Group Chief Executive of Jelf, added: “I have been encouraged by the positive response we have received from clients and colleagues alike over the last few weeks. There is a strong belief that, as part of the Marsh family, we will be able to build on the reputation we have earned for developing long-lasting, trusted adviser relationships with our clients.”