Marsh reveals plans to merge Jelf and Bluefin business
Global insurance broking and risk management firm Marsh is combining its combined Jelf and Bluefin business in the UK from early 2018, and rebranding it as Jelf.
The business will continue to be led by Phil Barton as CEO, reporting to Mark Weil, CEO of Marsh UK & Ireland. The new Jelf will serve mid-size and SME companies, it said.
Marsh acquired Jelf Group in 2015, and Bluefin Insurance Group from AXA in December 2016.
"Throughout this year we have brought together Jelf and Bluefin under a single management team drawn from both firms, combined their branch networks and significantly expanded their risk management, insurance and employee benefits offering to clients," said Weil. "We want to make sure that businesses of all sizes can benefit from the best possible advice. Building on the Jelf name – which has been synonymous with community broking for almost 30 years – gives us a well-known and highly-respected platform from which to help the SME and mid-size companies that drive Britain’s economy."
Barton added: "We are fortunate to have such a wide range of knowledge, skills and passion within our business. By drawing on the combined capabilities of Marsh, Jelf and Bluefin, we are now able to offer an unrivalled proposition and world class service for businesses and individuals across the UK.
"Ever since it was formed, Jelf has been known for its entrepreneurial spirit. This will be integral to the new Jelf as it better enables us to understand the challenges our own clients face in growing and protecting their businesses. With plans to further build our product range and analytic tools, while maintaining our commitment to high quality technical advice, we will be able to assist companies address the key risks they face as well as emerging risks such as cyber more effectively."
The company noted that while the combined SME business will be known as Jelf, the Bluefin name will continue to be used for several established Bluefin businesses, such as the Bluefin Network and Bluefin Sport.
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