The Jensten Group, the London-based independent insurance brokerage firm, has completed the acquisition of Origin UW Ltd. completed, subject to regulatory approval.
Origin UW is a boutique managing general agent providing commercial insurance solutions for SMEs and professionals. Origin specializes in writing cases for clients with sales up to £50 million ($61.1 million). The company says it has one of the broadest definitions of SMEs on the market, with a willingness to consider 95% of businesses in the UK.
Financial details of the deal have not been disclosed.
For the foreseeable future, Origin UW will continue to operate as a standalone brand within Jensten’s wholesale division. All members of the team, including general manager Dawn Henderson, will remain with the group.
Jensten said this acquisition continues its strategy of acquiring high-quality, entrepreneurial companies with significant growth potential and leadership teams that put customers first.
“We knew from the start that Origin UW would be a strategic and cultural fit for Jensten’s existing wholesale proposition. Dawn has built a successful specialist MGA with a strong reputation in the market. This is a fantastic addition to the group and will be of great benefit to our partner brokers and their clients,” said Simon Taylor, general manager of wholesale at Jensten.
“We are extremely excited to join the Jensten Group. We are confident that this move will enable us to make even more progress in providing excellent products and service to our brokers,” said Dawn Henderson, Managing Director of Tunbridge Wells, UK-based Origin UW.
About the Jensten Group
Launched in 2018, The Jensten Group has three divisions: Jensten Insurance Brokers, the Coversure Franchise network and Jensten’s wholesale division (which provides access to specialist insurance expertise and the London Market).
Jensten is now an independent broker in the top 10 and now places £320 million GWP in the London market. Jensten employs 450 people at 15 locations and works with 95 enterprising franchisees.
Source: The Jensten Group
Mergers & Acquisitions Insurance Wholesale
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