The latest partnership news from Jensten Underwriting;
Jensten Underwriting announces multi-year deal with Zurich UK, a cornerstone capacity arrangement to support the growth and future development of the MGA division.
The five-year cornerstone placement provides over £300m of cross-class property, casualty and motor capacity. It represents a significant milestone for the evolution of Jensten Underwriting as a ‘virtual insurer’ and reinforces the strength of its underwriting capability, portfolio quality and long term ambitions.
The new capacity arrangement provides enhanced scale, financial strength and long term stability as Jensten Underwriting continues to grow organically and inorganically, while maintaining continuity for brokers and clients through a long-term partnership with multi-line insurer Zurich.
The news follows the recent announcement that Jaime Swindle, the current CEO of Ardonagh owned Geo Underwriting, will join Jensten later this year as the CEO of Product and Distribution, the newly created division that Jensten Underwriting sits in.
Robert Organ, Group CEO at Jensten, said:
“Zurich is already one of our key partners, so it’s exciting to widen our strategic relationship in this way. A transaction of this scale and diversity at the current stage in our evolution under Bain ownership is a testament to the quality and credibility of Jensten Underwriting. It aligns and strengthens the confidence the market has in our underwriting capabilities, our people, our governance, and, equally relevant, our ambition with one of the most trusted brands in the world.”
David Nichols, Head of Retail at Zurich UK, commented:
“We are delighted to be partnering with Jensten Underwriting on this multi-year capacity arrangement. In recent years, we have built a strong and trusted relationship with the team allowing us to accelerate our growth together. Jensten have developed a disciplined underwriting business with a clear focus on delivering for brokers and customers, aligning closely with our own commitment to supporting brokers and clients for the long term. Bringing together Jensten’s underwriting expertise with Zurich’s scale and long-term commitment, we’re confident this partnership will create a strong and sustainable platform for growth.”
Jamie Lewis, Managing Director of Jensten Underwriting, added:
“Launching this cornerstone cross-class placement is a key milestone in our evolution as a virtual insurer. We’re delighted to have secured this scalable, long-term commitment from Zurich, one of the world’s most trusted brands. For brokers and clients, this move provides even greater stability and security behind our products.”
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