New underwriting business launched by Jensten Group

Jensten Group has today (5 September 2022) announced the launch of a new underwriting group named Jensten Underwriting.

The new group combines three MGAs – Policyfast, City Underwriters and Gresham Underwriting – into a single brand.

Policyfast has specialties in e-traded solutions for property owners, liability, fleet and truck while City Underwriters focuses on the mid-market for property, liability and food and hospitality.

Gresham Underwriting underwrites both commercial and personal lines products.

The business aims to support continued growth for its expanded product offering and focus on delivering value to brokers.

Simon Taylor, Jensten Group’s wholesale managing director, said: “The launch of Jensten Underwriting is the latest step in ensuring we continue to deliver real value to brokers, while meeting our own significant growth ambitions over the next few years for the Jensten Wholesale division.”

Jensten Underwriting has hopes of becoming one of the largest MGAs operating in the UK insurance market.

The launch of the new group follows the launch of Jensten London Markets and Jensten Brokers Europe earlier this year.

Underwriting partner of choice

Under the current economic and regulatory environment, successful MGAs need scale and specialisms if they are to continue to add value to brokers and capacity providers while delivering effective customer outcomes.

Jensten Underwriting is focused on being the “underwriting partner of choice for brokers”.

Taylor added: “We’re focused on making brokers’ lives easier. Ultimately, we want trading with us to be easy and accessible.

”Across our London market and underwriting teams, we have a great suite of products and professionals with real expertise who want to trade. Whether it’s a straightforward e-traded product or a risk that needs to be individually underwritten, we can assist.”

The business is continually investing in developing products, its systems and people, added Taylor. This provided a robust platform from which to target significant growth by delivering for brokers, he said.

Likewise, Jensten Group’s chief executive Alistair Hardie said the group is committed to continually improving and expanding its underwriting proposition to its retail broking partners.

“The launch of Jensten Underwriting is designed to clarify and streamline our offering, making it increasingly straightforward for brokers to trade with us and benefit from our broad appetite and product suite,” Hardie added.