Jelf to Acquire Clark Thomson, Scotland’s Largest Independent Insurance Broker
London, United Kingdom | 12 April 2018
Jelf, an award-winning consultancy specialising in insurance, risk management and employee benefits and part of Marsh, a global leader in insurance broking and innovative risk management solutions, today announced that it has reached an agreement to acquire Clark Thomson, Scotland’s largest independent insurance broker. The transaction is expected to close in the second quarter of 2018. Terms were not disclosed.
Established in 1965, Clark Thomson is headquartered in Perth and has offices in Dundee, Glasgow, Inverness, Kirkwall, Oban, Elgin, Thurso, and Nairn. With over 200 employees, Clark Thomson provides insurance broking services to small and medium-sized (SME) businesses, with particular expertise in the agriculture, renewable energy, food and drink, and retail sectors across Scotland, as well as providing personal lines insurance for individuals and families.
Jelf is one of the UK’s leading insurance brokers for mid-size and SME companies, with almost 3,000 colleagues serving over 250,000 clients from over 75 locations.
On completion, Jelf will combine its existing Scottish operations and Clark Thomson into a single business unit. The combined business will, subject to regulatory approvals, be led by Ben Bailey, Managing Director of Clark Thomson, and a management team drawn from across Clark Thomson and Jelf.
Phil Barton, CEO of Jelf, said: “This is a highly significant transaction that underlines Jelf’s commitment to building the leading community based advisory business across the whole of the UK. Through the acquisition of Clark Thomson, we are significantly broadening our geographic reach whilst also building on our capabilities in sectors that are vital to the Scottish economy, such as agriculture, food and drink, retail, and hospitality and leisure.
“The transaction brings together two leading community brokers with well-established offices in complementary locations across Scotland. The combined business will offer clients a compelling proposition across a wide range of insurance, risk management and employee benefits services and solutions.”
Mr. Bailey commented: “This deal is great news for our clients and colleagues alike. Through Jelf, our clients will have access to a wider range of services and solutions, while colleagues will benefit from being part of Marsh’s wider global network. I look forward to bringing Jelf and Clark Thomson’s operations together, and building the leading advisory business in Scotland.”
Notes to editor:
Jelf, a leading UK community insurance broker for mid-size and SME companies as well as private individuals, operates across seven offices in Scotland: Aberdeen, Bellshill, Dumbarton, Edinburgh, Forfar, Glasgow, and Stirling.
In 2014, Marsh acquired Aberdeen-based Central Insurance Services, a leading independent Scottish broker which specialised in the oil and gas sector as well as financial services, construction, and agriculture, which will also now join the wider Jelf business in Scotland.
Jelf is an award winning consultancy that supports businesses and individuals with expert advice on matters relating to insurance, risk management and employee benefits. Its purpose is simple: to help business and individuals across the UK thrive.
Founded in 1989, Jelf became part of Marsh & McLennan Companies (MMC), a global leader in risk, strategy and people, in December 2015. In January 2017, Jelf was brought together with Bluefin to create one of the UK’s leading insurance brokers for mid-size and SME companies.
With almost 3,000 colleagues serving over 250,000 clients, Jelf has an extensive network of regional offices; enabling its advisers to provide an expert, personal service from over 75 locations across the UK.
For more information about Jelf please visit: www.jelf.com.
About Clark Thomson:
Established in 1965, Clark Thomson Insurance Brokers is the largest independent insurance broker in Scotland, with nine offices across the country, and is the first Scottish insurance broker to have achieved “Chartered” status. Specialising in both private and commercial insurance, our aim is to provide a consistently high level of service to help our clients identify and assess risk with a view to recommending the optimum insurance solutions. The company is committed to delivering the highest levels of expertise and professionalism through our 200+ staff, the majority of whom hold professional qualifications from The Chartered Insurance Institute. Our accreditation as a Chartered Insurance Broker is the industry’s gold standard and confirms that we have satisfied rigorous requirements relating to continuous professional development and ethics. Only 3% of the UK’s premier insurance broking firms qualify for Chartered status. Our commitment to continuously developing staff and maintaining independent relationships with insurers means that our clients can be assured of advice which truly achieves the keystone principle of Treating Customers Fairly.
Marsh is the world's leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US$17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.