Jelf Group, an independent brokerage company, has acquired the entire issued share capital of Clarke Roxburgh and its subsidiaries: Clarke Roxburgh Insurance Brokers, Clarke Roxburgh Financial Planning and Clarke Roxburgh Mortgages.
Jelf Group believes that with this acquisition, the range of services offered by Clarke Roxburgh would complement to its proposition. Jelf will strengthen the core offering of general insurance and wealth management and provide access to new services, including employee benefits, healthcare and commercial finance.
The group will also realize an increased geographical footprint as Clarke Roxburgh operates from 10 locations across the West Midlands from Redditch to Ross on Wye, UK.
Alex Alway, group CEO of Jelf Group, said: Clarke Roxburgh is one of the leading regional insurance brokers with a strong reputation in the market. Our corporate activity continues and the acquisitions of Clarke Roxburgh and Argyll represent nearly a 40% increase in our insurance gross written premium, taking us to GBP242 million.