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Jelf continues acquisition spree

UK personal and corporate consultancy Jelf Group has continued its acquisition spree with the recent purchases of independent commercial insurance brokerage Haines Wallace and insurance broker John Wason (Insurance Brokers) Ltd.

With its most recent acquisition, the corporate intermediary has acquired the commercial and personal books of John Wason, which holds a GBP4.5 million gross written premium.

The acquisition will be funded by an existing bank facility with the Royal Bank of Scotland, but the purchase price remains undisclosed.

This latest deal continues our ambitious strategy to be the leading corporate consultancy in southern England and Wales and emphasizes our credentials as the fastest-growing commercial insurance broking business in the Southwest, said Jelf chief executive Alex Alway.

The recent purchase of Haines Wallace, which was announced in December, is also expected to add an extra GBP4.5 million to the group’s premium income. This acquisition will also bolster the group’s presence in the Southwest, conforming to the group’s current growth strategy.