Following regulatory approval from the Financial Conduct Authority (FCA), Jensten has finalised the acquisition of Berns Brett, marking a strategic move aimed at fortifying its regional and specialist centres.
The transaction introduces a team of 40 professionals and more than 5,000 clients into the Jensten group.
Berns Brett, with established offices in London, West Sussex, and Cavan, Ireland, is renowned for serving mid-market corporate clients across various sectors. The company specialises in advising clients on intricate and substantial risks, with the ability to place them into Lloyd's through its London Market team. Furthermore, the firm also operates a specialised division catering to private clients, including high-net-worth individuals and sports professionals.
Jensten has been steadily expanding its portfolio of brokers since 2021, marking a strategic commitment to establish and grow robust regional and specialist centres. The inclusion of an Irish business within the group represents Jensten's inaugural acquisition outside of the UK.
David Skinner, the managing director of Berns Brett, will continue to lead the business under the leadership of Robin Thomson, managing director of Jensten Insurance Brokers. The acquisition was advised by Vincent Gardner, managing director of Insurance Management Consultants.
We wanted to join a business where our strengths would be valued and where there was a good cultural fit. 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,” Skinner said.
Berns Brett is a great acquisition for lots of reasons,” Jensten Retail managing director Rob Organ 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. We're delighted to have David and the team join us and are excited to work together to grow.”
This latest acquisition follows another recent one for the brokerage, with Jensten recently announcing its swoop for North Yorkshire-based White Rose Insurance Solutions.
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