Young will remain a 'significant' shareholder in Jelf

Jelf Group corporate director for insurance Kevin Young is to leave the business at the end of the month.

Young, who was chairman of Argyll Insurance Group, a Kent-based broker acquired by Jelf in April 2008, will pursue a number of business interests outside the insurance sector.

Group chief executive Alex Alway said: “Kevin will be a real loss to the business; however, we fully understand his desire to broaden his experience in other sectors.”

Young, who was promoted to a wider group role last year, said: “Alex and I have always had an honest and open dialogue and we have come to a mutual agreement where I can develop some of my other business interests.

“That said, I remain a significant shareholder and I will retain a keen interest in Jelf as it continues to strengthen its position. I have offered my ongoing assistance to the team, should they require it.”

Earlier this month, Jelf appointed former AXA Sun Life chief executive Les Owen as its new non-executive chairman.