JMG Group announces double acquisition

JMG Group has announced two acquisitions as it looks to expand its geographic reach and specialized capabilities.

The broker announced that it has decided to purchase Executive and Gleaming Insurance services, and both transactions have been finalized.

The move takes JMG to a £300 million revenue business, with a team of over 600 colleagues across 31 offices across the UK.

“The addition of these two extremely successful businesses expands our geographic footprint and adds specialist capabilities in two niche sectors,” said JMG CEO Nick Houghton.

“Both companies share our motto: ‘Customers first, people first,’ and will be a great complement to deliver value to our mutual customers across the country.”

Companies

The acquisition of Executive Insurance Services brings additional expertise in commercial and motor insurance to JMG.

Directors Martyn Owen and Martin Davies will continue to lead the 18-strong Executive Insurance team in the Eastbourne office.

“We are proud of what we have achieved so far on our journey and have big plans for the future,” Davies said.

“JMG will provide support to help make these plans a reality.”

Meanwhile, cleaning industry specialist Gleaming Insurance provides tailored policies for cleaning professionals, underwritten by Hiscox Insurance.

In addition to direct online services, the company provides access to the program to other brokers and their clients.

Founder and managing director Martin Holden said: “The company is in a very strong position and with JMG’s help we can continue to build the brand and become the go-to broker for all the cleaning industry’s insurance needs.

“JMG will help open up market opportunities and support me in establishing and supporting even more partnerships.”