Marsh acquires Jelf

Broker Marsh has agreed to acquire independent insurance broker Jelf for 215p ($3.3) per share.

Marsh said that the acquisition will further develop its ability to expand the services it provides to UK small and medium-sized enterprises (SMEs), in line with its global ambition in this segment.

As part of its ambitions, the broker has also acquired Leeds-based SMEi Insurance Services and Aberdeen-based Central Insurance Services.

Marsh said that the addition of Jelf’s businesses will also significantly strengthen its distribution platform through their branches, affinity partners and direct channels.

Founded in 1989, Jelf has 37 offices across the UK.