Jensten Underwriting, managing general agent of the Jensten Group, has announced a multi-year agreement with Zurich UK, under which Zurich will act as Jensten’s primary capacity provider to support the growth and future development of the MGA division.
The five-year Cornerstone placement delivers more than £300 million across categories of property, casualty and mobility capabilities.
As Jensten Underwriting continues to grow organically and inorganically, the new capacity arrangement enhances scale, financial strength and long-term stability, while maintaining broker and client continuity through its long-term relationship with multi-line insurer Zurich.
Robert Organ, CEO of Jensten Group, said: “Zurich is already one of our key partners, so it is exciting to expand our strategic relationship in this way. Transactions of this size and diversity at this stage of development under Bain ownership are testament to the quality and credibility of Jensten Underwriting. It aligns and strengthens the market’s confidence in our underwriting capabilities, our people, our governance and, equally relevant, our ambitions with one of the world’s most trusted brands.”
David Nichols, head of UK retail at Zurich, commented: “We are delighted to be working with Jensten Underwriting on this multi-year capacity arrangement. We have developed a strong and trusted relationship with the team over recent years, allowing us to accelerate growth together. Jensten has developed a disciplined underwriting business with a clear focus on servicing brokers and clients, which is closely aligned with our long-term commitment to supporting brokers and clients. Bringing Jensten “With Zurich’s underwriting expertise and long-term commitment, we believe this partnership will create a strong and sustainable platform for growth.”
Jamie Lewis, managing director of Jensten Underwriting, added: “The launch of this cornerstone cross-category placement is an important milestone in our evolution as a virtual insurer. We are delighted to have secured this scalable, long-term commitment from Zurich, one of the world’s most trusted brands. This move provides greater stability and security to our offering for both brokers and clients.”
The announcement follows the recent appointment of Jaime Swindle, current CEO of Ardonagh-owned Geo Underwriting, to the newly created role of CEO Product and Distribution, effective later this year.
