Alway praises “solid” Jelf performance
Jelf group chief executive Alex Alway has praised the broker's performance as “solid” in a challenging market.
Mr Alway, told Insurance Age: "We have got good retention levels and probably above average new business levels but like everybody else in the sector we are finding it difficult to push the numbers up."
The broker reported rises in revenue and Ebitdae to £35.9m and £5.1m respectively for the six months ended March 2013.
Regarding the fact that Ebitdae had grown by 14.3% while revenue was only up 1.9%, Mr Alway praised the way the broker had delivered efficiencies without resorting to cutting
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