Jensten Group consolidates MGA brands | Insurance Business UK
Managing general agents Policyfast, City Underwriters, and Gresham Underwriting are now collectively known as Jensten Underwriting.
“The Jensten Group is committed to continually improving and expanding our underwriting proposition to our retail broking partners,” said Alistair Hardie (pictured), group chief executive at The Jensten Group.
“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.”
It was highlighted that consolidating the three businesses under a single brand makes Jensten Underwriting one of the biggest MGAs in the UK insurance market. The move follows this year’s launch of Jensten London Markets and Jensten Brokers Europe.
“We’re focussed on making brokers’ lives easier,” declared wholesale managing director Simon Taylor. “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 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.”
Aside from the wholesale division, The Jensten Group also consists of Jensten Insurance Brokers and the Coversure franchise network. Set up in 2018, the group employs 450 people across 15 locations.
The company noted: “Bringing [Policyfast, City Underwriters, and Gresham Underwriting] together creates a dynamic and forward-thinking MGA, which is much more than the sum of its parts. Brokers will have single access to a wide range of underwriters and solutions, enabling covers and services to flex and adapt…”
Policyfast specialises in e-traded solutions for property owners, liability, fleet and truck; City Underwriters, in the mid-market for property, liability, and food and hospitality; and Gresham Underwriting, in commercial and personal lines products.