- Origin UW’s management team will remain in place
- Origin UW will operate as a standalone brand within Jensten’s wholesale division for the immediate future
- LivingBridge has been invested in Jensten Group since 2018
LivingBridge portfolio company Jensten Group announced on Tuesday that it has completed a deal to buy Origin UW, a managing general agent that provides commercial solutions for SME businesses and professionals.
London-based Jensten Group has been a LivingBridge portfolio company since 2018. It is an insurance distribution business that provides insurance products to customers either directly or via independent brokers. Origin UW is based in Tunbridge Wells in the UK and specialises in writing business for clients with a turnover of up to £50 million.
Livingbridge is a London-headquartered mid-market private equity firm with over 100 employees across the UK, US and Australia. It invests across the services, technology, consumer, healthcare and education sectors.
“From the outset we knew Origin UW would be a great strategic and cultural fit for Jensten’s existing wholesale proposition,” said Simon Taylor, Jensten’s wholesale managing director. “Origin UW is a specialist MGA with a great reputation in the market. This is a fantastic addition to the group and will be of great benefit to our partner brokers and their clients.”
“Origin UW is a business with a strong track record and an attractive broker and client base,” said Alistair Hardie, Jensten Group CEO. “We look forward to supporting the team in unlocking further potential in the business.”
“We’re hugely excited to be joining the Jensten Group,” said Dawn Henderson, Origin UW’s managing director. “We’re confident this step will allow us to make even more progress in providing excellent products and service to our brokers.”