The insurer holds a 6.4% stake in Jelf

Allianz

The sale of Jelf to Marsh looks set to earn Allianz a £13.8m windfall, with the insurer holding a 6.4% in the broking group.

Insurance Times broke the story earlier this morning that Marsh had entered in to talks with Jelf about a takeover of the £178m worth firm.

Allianz has held a 6.4% stake in Jelf since 2007, originally costing them £3.25m.

At Jelf’s current share price, their stake is worth £13.8m, an increase of 324%

 

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