Jensten buys MGA Origin

The deal has received regulatory approval.

Founded in 2013 the MGA has been trading since 2016. Origin styles itself as a ‘boutique’ MGA, providing commercial insurance for SME businesses and professionals specialising in clients with a turnover of up to £50m.

According to the MGA, it has appetite to consider insurance for 95% of businesses in the UK. Its specialisms include commercial combined, contractors combined, motor trade and fleet, excess liability, professional indemnity and property owners.

Jensten confirmed that Origin UW will continue as a standalone brand within its wholesale division “for the immediate future”.

Team

All team members, including managing director Dawn Henderson, are remaining with the group. Its most recent filing at Companies House showed the business had 11 employees at the end of 2021.

Henderson commented: “We’re hugely excited to be joining the Jensten Group. We’re confident this step will allow us to make even more progress in providing excellent products and service to our brokers.”

Jensten’s wholesale MD, Simon Taylor said: “From the outset we knew Origin UW would be a great strategic and cultural fit for Jensten’s existing wholesale proposition.

“Dawn has built a successful, specialist MGA with a great reputation in the market. This is a fantastic addition to the group and will be of great benefit to our partner brokers and their clients.”

Alistair Hardie, Jensten Group CEO concluded: “Origin UW is a business with a strong track record and an attractive broker and client base. We look forward to supporting the team in unlocking further potential in the business.”

Deals

Just under a year ago Jensten completed the deal to buy Tasker Insurance Group which included Gresham Underwriting.

Post that deal it moved to streamline its brands in April beginning the process of restructuring into five trading divisions.

Its most recent purchase was Leeds-based broker Ravenhall Risk Solutions last month.

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