Independent insurance broker
Jensten Group Ltd, previously Coversure Insurance Services Group, comprises of online wholesaler Policyfast, specialist insurance underwriters City Underwriters and franchise operation Coversure.
Founded 30 years ago, it has grown to over 90 offices throughout the country via an organic growth strategy that saw Jensten deliver Gross Written Premium (GWP) of £116m, Policyfast deliver GWP of £42m, and CUL deliver GWP of £9m in the financial year ending March 2018.
Livingbridge invested in 2018 to support the management team as they expand franchise operations via acquisitions, new locations and the services offered. Further growth will be delivered by extending the product range, accessibility and investment in technology.
The management buyout is great news for all concerned. It will allow us to invest in the business and offer even more customers and brokers the high standards of service for which the Group has become renowned. Having Livingbridge as our investor will enable us to explore new opportunities and give us the impetus we need to accelerate our growth, both on and off the high street.
CEO, Jensten Group