Ravenhall Risk Solutions has been snapped up by the Jensten Group as part of the latter’s “buy and build” strategy.
“We are delighted to welcome Ravenhall to the Jensten family,” said chief executive Alistair Hardie (pictured). “Neil and the team share our core values and culture, providing an exceptional broking service and putting clients first – making them an ideal fit for the Jensten Group.”
Hardie was referring to Ravenhall founder and director Neil Grimshaw, who will remain with the Leeds broker and work closely with Packetts managing director Marshall Sugden. Yorkshire-based Packetts came under Jensten ownership last year. The two acquired firms are retaining their respective brands and offices while forming the group’s regional business in Yorkshire.
“The addition of Ravenhall to the Jensten portfolio further demonstrates that we are the natural home for high-quality regional and specialist brokers who want to protect and grow the business they’ve built, ensuring both staff and clients remain central to the business,” added Hardie.
Handling £10 million in gross written premium (GWP), Ravenhall caters to both commercial and personal insurance clients. Its specialisations include traditionally harder to place risks such as unmanned aerial vehicle operators and the equestrian sector.
Commenting on the acquisition, financial terms of which were not disclosed, Grimshaw stated: “After deciding it was time for the business to enter its next phase, Jensten quickly became the obvious choice when looking for a buyer.
“Their focus on our people and clients from the beginning and their track record of buying brokers in the right way gave us the confidence we were making the right decision.”
Ravenhall’s arrival brings Jensten’s GWP to nearly £350 million.
