Jensten completes acquisition of broker

Distribution business Jensten Group has completed its acquisition of Scrutton Bland Insurance Brokers.

The deal, which was first announced in December 2023, will bring a team of more than 50 across two additional offices and gross written premium (GWP) of £22m to Jensten.

The transaction was complete after it received final regulatory approval.

Jensten said it had acquired Scrutton Bland as part of plans to expand its presence in East Anglia.

The broker caters to clients looking for both commercial and private insurance and has a particular focus on commercial property.

“Scrutton Bland’s reputation for providing a high-quality and tailored service to clients across East Anglia, as well as its specialist offering to charity and agricultural communities, makes them a great new addition to Jensten and, following FCA approval, we are pleased to formally welcome it to the Jensten family,” said Alistair Hardie, chief executive of Jensten.

Other deals

The completion of the acquisition came after Jensten revealed it had snapped up Sutton-based specialist broker Henry Seymour and Co.

Announced last week (2 April 2024), the deal came as part of Jensten’s plans to bolster its schemes and affinities capability and support its multichannel distribution model across its retail, digital and wholesale arms.

The firm also acquired One Broker in November 2023, a deal which will see Jensten gain £60m of GWP and 115 new members of staff.

Jensten said these deals, along with its recent purchase of Scrutton Bland, demonstrate “the exceptional progress Jensten is making on its ambitious growth journey”.

“Expanding our regional footprint across the UK has yielded significant success for us,” Hardie said.

“Our recent investment in East Anglia through the acquisition of One Broker and Scrutton Bland Insurance Brokers is testament to our strategic focus on establishing regional centres of excellence. Simultaneously, we’re keen to enhance our specialist capabilities, crafting propositions tailored to specific client and industry sectors.”