Jelf Group sees double with insurers' move to buy shares

Allianz Cornhill and Aviva have both bought stakes worth a total of 10.1% in broker consolidator Jelf.

In a joint statement, the three parties confirmed that Allianz Cornhill had purchased a 5% interest, and that Aviva had - on behalf of BNY Norwich Union (NU) Nominees - purchased a 5.1% interest, in the group. The broker's share price rose by 6p to 267p after the news.

Alex Alway, group chief executive at Jelf Group, said: "We are delighted that Allianz Cornhill and NU, two of the leading

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: