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Jensten to acquire Coversure Midlands to expand UK broking footprint
The deal will bring the Coversure Midlands team, about 30 colleagues across offices in the Midlands and Kent, into Jensten’s Coversure network.
Jensten Group, a UK provider of insurance services, has agreed to acquire Coversure Midlands, aiming to strengthen its regional presence and broaden its UK broking capabilities, according to Reinsurance News.
Coversure Midlands is described as the largest franchise within Jensten’s Coversure network, serving commercial and personal lines. The business operates from two offices in the Midlands and one in Kent and includes two online quote-and-buy specialisms, Boxguard and Fastquote.
Jensten said the acquisition will give Coversure Midlands access to greater scale and enhanced market access, while it will maintain a local focus and its online presence. The company also framed the transaction as part of how it supports brokerages through the lifecycle of their businesses.
Jensten’s CEO of Broking, Gareth Birch, and Network Director Jordan Maskell highlighted the quality and team at Coversure Midlands and pointed to the Coversure model as a long-term home for broker owners and their clients and people.