Jensten is set to further scale its scheme and affinities business with the acquisition of Robert Gerrard & Co. The deal, which is subject to regulatory approval, will introduce a dedicated team of 19 professionals and an office located in Chingford to the business.
Robert Gerrard & Co is the leading insurance broker in the UK specialising in the lift and escalator industry. They have built a long-standing reputation for meeting the highly specialised needs of this sector through their Lift Plan product. Offering an extensive range of tailored policies, they provide comprehensive coverage unmatched in the lift and escalator industry.
In addition to their lift and escalator expertise, Robert Gerrard & Co also provides tailored commercial services to clients across various industries, as well as select personal lines products in the Chingford area.
Managing Director Carla Preston will continue to lead the business, reporting to Simon Henderson, Managing Director – Schemes and Affinities at Jensten Insurance Brokers.
Carla commented: “We wanted to partner with a company that recognised the value of our specialties, staff, and expertise. We also wanted to maintain our momentum in growing the business while consistently serving our clients and partners. Jensten was the perfect fit for us, offering the support and resources necessary for our continued growth. We are excited for the future and the prospects that this partnership will deliver, for our team, for our clients and for Jensten.”
Building on Jensten’s strong momentum in 2024, this follows earlier announcements regarding the acquisitions of Melville Burbage and Henry Seymour & Co, alongside a £170m investment in new funding facilities. This most recent announcement demonstrates Jensten’s continued dedication to expanding and scaling its business.
Alistair Hardie, Chief Executive of Jensten, commented: “The success we’ve seen in the first part of 2024 demonstrates the value of the proposition and platform Jensten has meticulously built over the last three years, bringing us significantly closer to reaching £1 billion in premium within our Group.”
Simon Henderson, added: “We are thrilled to announce the addition of yet another high-quality business to the Jensten family. This acquisition represents another significant milestone in the growth of our schemes and affinities business. At Jensten, our goal is to deliver the best solutions for our clients by understanding their specialist needs. By partnering with expert brokers like Robert Gerrard & Co, we enhance our capacity to offer market-leading propositions to a diverse range of clients with niche requirements. We look forward to integrating Carla and the team into the Jensten family and seeing the business flourish with the support of the wider Jensten group.”
