Jensten Acquires UK Specialist Dealer Henry Seymour & Co. – Cyber Tech

Jensten, the London-based impartial insurance coverage broking group, introduced the acquisition of Henry Seymour & Co.

The deal, which is topic to regulatory approval, will introduce to the enterprise a crew of twenty-two professionals, an workplace positioned in Sutton, England, in addition to a further 66,000 policyholders. Monetary particulars of the transaction weren’t disclosed.

Catering to the distinctive wants of salons, clinics, gyms, spas, and cell or freelance therapists beneath its long-established Salon Gold model, Henry Seymour & Co. holds the mantle because the market chief in insurance coverage inside the hair and wonder trade, Jensten stated. As well as, via its Tradesman Saver model, the enterprise is also a specialist within the commerce and building sector.

This acquisition demonstrates Jensten’s dedication to rising its schemes and affinities functionality, whereas additionally supporting a multi-channel distribution mannequin throughout retail, digital, and wholesale, all through its schemes and affinities enterprise.

Joint Managing Administrators Darragh Timlin and Dean Laming at Henry Seymour & Co. will proceed to guide the enterprise, reporting to Simon Henderson, managing director – Schemes and Affinities at Jensten Insurance coverage Brokers.

“We’re delighted to hitch the Jensten household and really feel that each the strategic and cultural targets are aligned. I’ve identified Simon for a few years and really feel excited in regards to the ambition and way forward for the enterprise going forwards,” commented Paul Kaye, founder, and proprietor of Henry Seymour.

“We needed to hitch a gaggle the place our specialisms, employees and experience can be valued, and the place we’d be supported to proceed rising the enterprise and delivering for each our purchasers and companions. Jensten was an apparent alternative for us, and we’re trying ahead to the expansion alternatives this relationship will present each for our folks and our prospects,” in response to Darragh Timlin, joint MD, Henry Seymour.

“We’re delighted to announce our newest addition to the Jensten enterprise. This acquisition is a major stride in our schemes and affinities progress, enhancing our capability to supply market-leading digital propositions and specialist help to a various vary of purchasers with area of interest necessities,” stated Simon Henderson, MD – Schemes and Affinities, Jensten Insurance coverage Brokers.

“Welcoming the crew from Henry Seymour & Co is a key milestone in our dedication to strengthening the extent of service and experience inside Jensten,” stated Henderson. “This announcement is additional proof of our skill to supply and entice nice high quality companies and produce them into the Jensten surroundings, the place they’ll flourish.”

Jensten launched in 2018. By means of its 4 divisions – retail broking, Coversure dealer community, Jensten Underwriting and Jensten London Markets – the group gives tailor-made insurance coverage options to a variety of consumers, both instantly or through impartial brokers. The group is a prime 10 impartial dealer and now locations in extra of £500 million GWP into the market. Jensten employs over 800 folks throughout 35 places, and companions with 95 entrepreneurial franchise holders.

Supply: Jensten

Subjects
Mergers & Acquisitions
Companies