The Jensten Group, the UK unbiased insurance coverage broking group, has embarked upon a metamorphosis program throughout the enterprise which is able to see it simplify its company construction, methods, and types.
The restructure will see the enterprise rationalize over a time frame into 5 key buying and selling divisions with the introduction of 4 new manufacturers over the subsequent few months: Jensten Insurance coverage Brokers, Jensten London Markets, Jensten Underwriting and Jensten Brokers Europe, and the retention of the Coversure model for franchise actions.
The primary to go dwell is Jensten Insurance coverage Brokers, launched right now (April 4), which is able to sit alongside the Coversure Franchise enterprise, making up Jensten’s retail operations. The wholesale division model adjustments will observe later in 2022.
The transfer sees Tasker Insurance coverage Brokers, which was acquired by Jensten in September 2021, rebranded as Jensten Insurance coverage Brokers. On Could 23, two wholly owned Coversure branches (Huntingdon and Ilkeston) can be introduced into Jensten Insurance coverage Brokers, adopted by HTC Associates in September – all ultimately buying and selling below the Jensten model.
Whereas working within the newly named Jensten Insurance coverage Brokers buying and selling division, Advance Insurance coverage Businesses, Jensten’s area of interest private strains broking enterprise within the South West, and Packetts, Jensten’s regional workplace in Yorkshire, will retain their present manufacturers.
Different sub-brands, together with Journey Threat Professionals, Improve Insurance coverage Providers and Numark Insurance coverage Providers may also retain their separate branding, recognizing their worth within the particular niches and markets by which they function.
The transfer will see Robin Thomson, former managing director of Tasker Insurance coverage Brokers changing into managing director of the bigger Jensten Insurance coverage Brokers. Matt Jones will proceed to steer Advance, Marshall Sugden will lead Packetts and Rob Palmer the Coversure franchise enterprise — all reporting to Robert Organ, managing director Retail, Jensten Group.
“The Jensten Group is dedicated to enlargement by means of a mix of natural progress and acquisition and presently controls in extra of £320 million gross written premium. Final 12 months, we accomplished the acquisitions of Tasker Insurance coverage Group, Advance and Packetts as a part of our ‘Purchase and Construct’ technique. The funding within the Jensten model, while retaining different significant manufacturers throughout the enterprise, displays our willpower to concentrate on what’s valued by our shoppers,” commented Alistair Hardie, group CEO, of Huntingdon, England-based Jensten Group.
Supply: Jensten Group
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