Jensten Group has agreed to acquire Kelvin Smith Insurance, subject to regulatory approval. The deal adds £22 million in gross written premium and 3,000 clients to the group's Scotland region. It is the third Scottish acquisition since early 2026.
Founded in 1982 and based in Glasgow, Kelvin Smith Insurance specialises in commercial risks, fleet insurance, and SME markets. The business also provides personal lines cover for high-net-worth individuals and brings 30 staff to the group.
Jensten entered Scotland for the first time in January 2026 with the acquisition of Broker One, a commercial broker based in Larbert. That deal came shortly after Bain Capital completed a strategic investment in Jensten, which backs the group's buy-and-build strategy across the UK SME market. At the time, Jensten managed approximately £600 million in gross written premium across more than 50 offices and 1,000 employees.
NC Stirling followed as the second Scottish acquisition. Together with Kelvin Smith, those three businesses now form Jensten's Scotland region. The region is structured to operate with local leadership and national group support behind it.
Stephen Travers, managing director of Kelvin Smith Insurance, said the move offered further growth within Scotland. "Jensten was the natural choice for our next chapter, and we're excited about the new opportunities this partnership brings for our people and our clients," Travers said.
Robin Thomson, managing director at Jensten, said the acquisition added momentum to the group's Scotland build-out. "Kelvin Smith is a highly respected business with strong values and deep market expertise," Thomson said. "Alongside Broker One and NC Stirling, their addition gives real momentum to our Scotland region and lays strong foundations for sustainable regional growth."
Gareth Birch, CEO of broking at Jensten Group, said Scotland was a key strategic priority and that the group's aim was to build regionally strong businesses with national scale behind them.
Jensten is not alone in targeting Scotland. In April 2026, Clear Group acquired Spence Insurance in the Central Belt as part of its own regional expansion. The UK has been identified as the most active insurance M&A market in Europe, with broker consolidation a primary driver across geographies including Scotland.
