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Jensten, a UK-based insurance coverage dealer, has finalised the acquisition of Scrutton Bland Insurance coverage Brokers following the receipt of regulatory approval from the Monetary Conduct Authority (FCA).
This deal, introduced in December 2023, is anticipated to reinforce Jensten’s regional centre of excellence in East Anglia.
It’ll add a staff of greater than 50 and a gross written premium of £22m ($27.78m) to the corporate’s portfolio.
Scrutton Bland Insurance coverage Brokers caters to a various vary of shoppers, with a concentrate on business property.
The acquisition additionally brings specialised experience within the charity and agricultural sectors to Jensten, complementing its present companies with a deep understanding of those area of interest markets.
Tim Mulley, director at Scrutton Bland Insurance coverage Brokers, will retain his management function, reporting to Jensten Insurance coverage Brokers regional managing director Sean Clark.
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Jensten CEO Alistair Hardie stated: “Increasing our regional footprint throughout the UK has yielded vital success for us. Our current funding in East Anglia by means of the acquisition of One Dealer and Scrutton Bland Insurance coverage Brokers is testomony to our strategic concentrate on establishing regional centres of excellence.
“Concurrently, we’re eager to reinforce our specialist capabilities, crafting propositions tailor-made to particular shopper and trade sectors. Scrutton Bland Insurance coverage Dealer’s repute for offering a high-quality and tailor-made service to shoppers throughout East Anglia, in addition to their specialist providing to charity and agricultural communities, makes them an excellent new addition to Jensten and, following FCA approval, we’re happy to formally welcome them to the Jensten household.”
The completion of the Scrutton Bland deal marks one other milestone in Jensten’s enlargement technique.
Final week, the corporate introduced its acquisition of Henry Seymour & Co., an organization working within the hair and wonder insurance coverage trade.
In October 2023, Jensten acquired Berns Brett, including 40 workers and 5,000 prospects to the group, reinforcing its specialist and regional capabilities.
Berns Brett, with places of work in London, West Sussex and Cavan, Eire, serves mid-market company shoppers and offers entry to Lloyd’s by means of its London Market division, together with specialised companies for personal shoppers and athletes.
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