Alex Alway
Jelf CEO optimistic asnew hires reap rewards
Jelf group chief executive Alex Alway has said the broker's investment in account executives has been key to growing the business despite recording a £616 000 loss for the six months ended 31 March 2010.
Broker Jelf records £616 000 interim loss
For the six months ended 31 March 2010, insurance broking group Jelf this morning reported a loss of £616 000, an improvement on the same period in 2009 when this was £994 000.
Middle to refocus Aviva's broker relationships
Aviva has recruited Axa's commercial managing director to the new role of strategic partnerships director, straddling both the life and general insurance sectors.
Jelf CEO admits it will not lead on e-trading
Jelf chief executive Alex Alway has said the company will be a "fast follower" rather than a "first mover" in the development of an electronic trading proposition in the future.
Jelf denies acquisition
Jelf has denied it will be acquired by Capital Z, despite the private equity firm increasing its stake in the broker to 27.8%.
Capital Z raises Jelf stake closer to 30% threshold
Capital Z has moved closer to the threshold which would require it to make an offer for the entire shareholding of boker Jelf it was revealed this morning.
Jelf unveils new non exec
Jelf has appointed Jonathan Kelly as a non-executive director. Mr Kelly has previously worked with Catlin and SBJ.
Cap Z to buy out 3I in Jelf fundraising plan
Cap Z will now hold a minimum of 25.01 per cent of the company's enlarged ordinary share capital.
Jelf looks to raise a further £17m after reporting a £9.7m loss in 2009
It is expected that any placing would be conducted at or around the price of 36 pence per ordinary share and would be subject to shareholder approval at a general meeting.