Jensten Group expands regional presence with broker buy

Jensten Group has acquired broker Melville Burbage as part of its plan to expand its presence in the Home Counties region.

Newbury-based Melville Burbage specialises in commercial insurance and provides services for a range of sectors.

This includes the construction, non-profit, professional services, engineering and printing industries.

Jensten Group calculated that the acquisition will contribute £6m in gross written premium (GWP) to its business, as well as a team of 15 staff.

It said the acquisition formed part of its expansion plan across the UK, while also opening up new areas of specialism for the firm.

“We are pleased to be able to announce our latest acquisition of Melville Burbage,” Jensten Retail managing director Rob Organ said.

“Melville Burbage’s main office in Newbury is very complimentary to our existing regional presence in the Thames Valley and [its] reputation for delivering a high quality service to local businesses, along with [its] expertise within the engineering and printing communities, perfectly complements our plans.”

People moves

As part of the deal, Melville Burbage directors Kevin Stevens and Darren Young will continue to lead the business.

They will report to Robin Thomson, managing director of Jensten Insurance Brokers.

“In joining Jensten Group, we embark on an exciting new chapter for Melville Burbage,” Stevens said.

“It was very important to us that we joined a business that understood our growth ambitions, but would also value and be sympathetic to the lasting relationships we’ve cultivated with our clients.

“Jensten [was] an obvious choice for us and we are looking forward to the opportunities this relationship will provide both for our people and our customers.”