Zurich UK has signed a five-year agreement to become the primary capacity provider for Jensten Underwriting, supporting the MGA’s next phase of growth with more than £300m of property, casualty, and motor capacity.
The multi-year arrangement positions Zurich as the cornerstone capacity partner for Jensten Underwriting, the MGA division of Jensten Group, as the business seeks to expand both organically and through acquisitions.
The deal provides cross-class underwriting capacity across property, casualty, and motor lines, while strengthening financial backing and long-term stability for Jensten’s underwriting platform.
The agreement comes as MGAs continue to attract increasing interest from insurers seeking scalable distribution channels and specialist underwriting expertise, particularly as delegated authority models gain momentum across the UK commercial insurance market.
Jensten said the new partnership will support continuity for brokers and clients while enhancing its ability to scale underwriting operations under its long-term relationship with Zurich.
Robert Organ 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.”
The agreement follows continued investment in Jensten’s MGA proposition following backing from private equity firm Bain Capital. The business has increasingly positioned itself as a “virtual insurer”, combining underwriting expertise with long-term insurer capacity partnerships.
David Nichols said: “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 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.”
The announcement follows Jensten’s recent appointment of Jaime Swindle, currently CEO of Geo Underwriting, to a newly created leadership role later this year, reinforcing the group’s ambitions to scale its underwriting and distribution capabilities.
For Zurich UK, the partnership highlights growing appetite among major insurers to deepen MGA relationships as they seek disciplined underwriting growth through specialist delegated authority platforms.
