’This acquisition represents another significant milestone,’ says managing director
Insurance distribution business Jensten Group has acquired Robert Gerrard and Co as part of plans to further expand its scheme and affinities business.
Robert Gerrard and Co specialises in the lift and escalator industry, but also provides tailored commercial services to clients across other sectors, as well as select personal lines products in the Chingford area.
The acquisition will see Jensten bring on board a team of 19 professionals from the broker, who will continue to be led by managing director Carla Preston.
Preston will report to Simon Henderson, managing director of schemes and affinities at Jensten Insurance Brokers.
”This acquisition represents another significant milestone in the growth of our schemes and affinities business,” Henderson said.
”At Jensten, our goal is to deliver the best solutions for our clients by understanding their specialist needs.
”By partnering with expert brokers like Robert Gerrard and Co, we enhance our capacity to offer market-leading propositions to a diverse range of clients with niche requirements.”
Preston added: ”We wanted to partner with a company that recognised the value of our specialties, staff and expertise.
”We also wanted to maintain our momentum in growing the business, while consistently serving our clients and partners. Jensten was the perfect fit for us, offering the support and resources necessary for our continued growth.”
Other deals
Jensten has already made several acquisitions this year, including that of Scrutton Bland and Henry Seymour and Co.
Read: NFP snaps up broker to expand commercial offering
Read: Jensten to bolster mid-market proposition with new acquisition
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Jensten said these deals would support its strategy to expand its footprint across the UK.
It also recently announced it had secured a £170m investment in new funding facilities that will be used for acquisitions.
The firm said this demonstrated its ”continued dedication to expanding and scaling its business”.
Alistair Hardie, chief executive of Jensten, said: “The success we’ve seen in the first part of 2024 demonstrates the value of the proposition and platform Jensten has meticulously built over the last three years, bringing us significantly closer to reaching £1bn in premium within our group.”
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