Jensten Group acquires £22m GWP broker based in Scotland

Jensten Group has expanded its presence in Scotland by acquiring Kelvin Smith Insurance.

Established in 1982, Kelvin Smith has expertise in commercial risks, fleet insurance and SME markets. It also provides specialist personal lines propositions, including services for high net worth (HNW) individuals.

The business, based in Glasgow, controls £22m in gross written premium (GWP).

The deal is subject to regulatory approval.

Stephen Travers, managing director at Kelvin Smith, said: “Joining Jensten Group is a fantastic opportunity for us to grow our business further within Scotland.

“Jensten Group 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.”

Scotland expansion

This acquisition adds to Jensten Group’s newly established Scotland region, which has been created through recent strategic investments including Broker One and NC Stirling.

Gareth Birch, chief executive of broking at Jensten Group, said: ”Our ambition is to build regionally strong, locally led businesses with the scale and support of a national group behind them.

”Scotland is a key strategic priority for Jensten and with Broker One, NC Stirling and now Kelvin Smith Insurance, we are bringing together outstanding teams who share our client first approach and growth mindset.”

Robin Thomson, managing director at Jensten Group, added: “This acquisition marks an important milestone as we continue to build scale and capability across Scotland.

”Kelvin Smith is a highly respected business with strong values and deep market expertise. Alongside Broker One and NC Stirling, its addition gives real momentum to our Scotland region and lays strong foundations for sustainable regional growth.”