12th June 2019
Jensten Group has announced that Andy Fairchild has been appointed Retail Managing Director. Andy will take up his role on 8 July 2019, subject to regulatory approval. Fairchild's role is to expand and deliver on the broader retail strategy for Jensten Group looking at opportunities for both organic growth and growth through acquisitions.
For the last five years Andy has been CEO at Broker Network where he led an expansive strategy in a Private Equity backed environment. Prior to that he has experience both as a broker, as MD at Footman James, and as an insurer, as COO at Axa. He also brings experience from outside the sector, most notably at the pioneering bank First Direct.
Andy Fairchild commented;
"I am delighted to be joining Jensten Group. It has been a business that I've watched with interest for some time. It has a unique combination of the existing retail franchise network and an impressive product capability in the form of the wholesale and Lloyd's cover holder operation.
Last year's MBO and new ownership structure has clearly given the group a strong desire to deliver both organic growth and growth through acquisition. The shareholders and the existing management team clearly have a desire to build an operation with long-term credibility and real stature in the UK market place.
I am delighted to have the opportunity to play a leadership role in this journey."
This is a significant hire for the Group who have hit the headlines in the past few months for their acquisition strategy, high-profile appointments and new offices across the UK.
Bob Darling, CEO of Jensten Group, commented;
"We are delighted to welcome Andy to the senior management team, he has an impressive track record and reputation for driving growth. He has the skills and experience to drive our business and extend our proposition. In addition, he has demonstrated aligned values that work well within our business and support independent brokers and their acquisition drive."
Sarah Darling, Managing Director of Coversure, also added;
"Andy has a great reputation and is well respected in the industry. I am looking forward to working with him and developing the retail strategy."
Jensten Group Ltd comprises of online wholesaler Policyfast, specialist insurance underwriter City Underwriters and franchise network Coversure Insurance Services. Through their underwriting, wholesale and retail operations they offer a complete insurance service to the UK's brokers and insurance customers.
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