Jensten Group has acquired Tasker Insurance Group in a deal that adds £50m to Jensten’s gross written premium, taking it to a figure of £300m. Tasker Insurance Group includes Tasker Insurance Brokers, Tasker & Partners and Gresham Underwriting. The deal is subject to regulatory approval.

Tasker Insurance Brokers will become part of Jensten Retail, which includes Jensten Insurance Brokers, the Group’s non-franchise broking activities and the Coversure franchise network. Tasker & Partners will become part of Jensten’s London Market broking operation and Gresham Underwriting will join Policyfast and City Underwriters, as part of Jensten’s MGA.

Alistair Hardie (pictured), CEO of Jensten Group, commented: “Adding Tasker to the Jensten portfolio is an important part of our growth ambition. It is a strong strategic fit and gives us enhanced scale in each of our core business areas – retail insurance broking, wholesale Lloyd’s and London Market broking and specialist underwriting.”

Robert Organ, CEO of Tasker Insurance Group will become managing director of Jensten Retail.

He said: “We were attracted to the Jensten ethos, approach and executive team and in particular to their different style and attitude. This deal is really positive news for our Tasker colleagues as they are becoming part of an organisation that is a strong cultural fit and which believes in investing in its people.

“It is also great news for our clients, including our third-party broking partners, as they will benefit from the increase in scale and impact we will have in the market, as well as continue to receive the high levels of service to which they are accustomed.”

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