Deal overwhelmingly approved
Jelf Group said its shareholders had approved the broker’s £258m takeover by Marsh.
The takeover was approved by 99.93% of shareholders voting, which represented 73,78% of the total Jelf shares in issue.
The deal is still subject to FCA approval.
Jelf said it expects dealing in its shares to be suspended at 5:00 pm on 24 November.
The deal, which was first revealed online in August by Insurance Times priced Jelf paid cash at 215p per sharre.
Marsh said the deal for Jelf - which has 37 offices and lends advice to 100,000 firms - would allow it to grow in the SME, mid and large market.
The deal finally ends Marsh’s search for a UK broker with a strong SME footprint. The US megabroker eyed up Towergate, Oval and Giles before finally landing Jelf.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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