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The Insurance Partnership sold in £12m deal

13th May 2013


Rob Worrell, The Insurance Partnership

Rob Worrell, The Insurance Partnership

WOLVERHAMPTON brokerage The Insurance Partnership (TIP) has been sold to consultancy Jelf for £12m.

The price paid could increase by a further £3.5m depending on future performance.

The £12m consideration will be met by £8.9m of cash and £3.1m in new Jelf shares to be issued on completion of the deal to key senior management and sales staff at TIP.

TIP is a regional general insurance broker with offices in Wolverhampton, Hull, Leeds and York.

Jelf said the deal w......for the full story register now for free or login below...

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