’It is a great acquisition for lots of reasons,’ says managing director
Insurance distribution business Jensten Group has acquired Berns Brett as it looks to continue developing its mid-market proposition, a statement released today (23 October 2023) said.
Berns Brett is an insurance broker that services mid-market corporate clients across multiple sectors – it also advises clients on large and complex risks, which it can place into Lloyd’s via its London market team.
As part of its offering, the business has a specialist private clients division with propositions for high net worth (HNW) individuals and sports professionals.
With offices in London, West Sussex and Ireland, Jensten said the acquisition, which has been completed following FCA approval, bolstered its regional presence.
And the firm felt that Berns Brett’s specialisms would help bolster its propositions.
“Berns Brett is a great acquisition for lots of reasons,” Rob Organ, Jensten Retail managing director said.
“Their offices in London and the south east strengthen our existing regional presence and the Irish business opens up a new region for us with significant opportunities.
“The business also gives us further capability as we develop our mid-market proposition and gives us additional expertise in HNW and our private clients offering.”
Since 2021, Jensten has acquired 20 brokers as part of its strategy to build and grow regional and specialist centres of excellence.
Its latest acquisition will bring a team of 40 and more than 5,000 clients to the group.
And as part of the deal, David Skinner, managing director of Berns Brett, will continue to lead the business.
He will report to Robin Thomson, managing director of Jensten Insurance Brokers.
“We wanted to join a business where our strengths would be valued and where there was a good cultural fit,” Skinner said.
“Talking to Jensten it was obvious there was alignment on the importance we place on clients and people and on what we could bring to the group.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
Now working within the insurance sector, James has a particular focus on motor, M&A activity and financial reporting.View full Profile