Jensten Group has declared its intent to acquire Sutton-based Henry Seymour & Co, subject to the customary regulatory approvals.
This move will see Jensten welcoming a team of 22 professionals from Henry Seymour's Sutton office, along with a portfolio of 66,000 policyholders.
Henry Seymour & Co is known for its expertise in the hair and beauty insurance market under the Salon Gold brand, catering to salons, clinics, gyms, spas, and mobile or freelance therapists. Additionally, its Tradesman Saver brand has carved out a significant presence in the trade and construction insurance sector.
This acquisition is set to bolster Jensten's strategic focus on enhancing its schemes and affinities offering. Jensten explained that it remains dedicated to a diversified distribution strategy, spanning retail, digital, and wholesale channels within its schemes and affinities operations.
Darragh Timlin and Dean Laming, the joint managing directors at Henry Seymour & Co, are set to continue at the helm of the business, directly reporting to Simon Henderson, the managing director of schemes and affinities at Jensten Insurance Brokers.
Paul Kaye, the founder and owner of Henry Seymour, expressed enthusiasm about the merger, highlighting the shared strategic and cultural visions between the two entities.
“We are delighted to join the Jensten family and feel that both the strategic and cultural objectives are aligned. I have known Simon for many years and feel excited about the ambition and future of the business going forwards,” Kaye said.
Timlin added to the sentiment, emphasising the value alignment and growth potential within the Jensten Group.
“We wanted to join a group where our specialisms, staff and expertise would be valued, and where we’d be supported to continue growing the business and delivering for both our clients and partners. Jensten was an obvious choice for us, and we are looking forward to the growth opportunities this relationship will provide both for our people and our customers,” Timlin said.
Back in February, the Jensten Group also announced that it has acquired community broker Melville Burbage, a deal which involves a team of 15 and two additional offices.
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