JMG Group announces double acquisition

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

The broker said it have moved to buy Executive Insurance Services and Gleaming Insurance, with both deals having been complete.

The move takes JMG to a £300m premium income business with a team of over 600 colleagues across 31 UK offices.

“Bringing these two incredibly successful businesses into the group extends our geographic footprint and adds specialist capabilities in two niche sectors,” JMG chief executive Nick Houghton said.

”Both businesses share our ‘clients first, people first’ ethos, and as such they will be superb additions, delivering value to our joint customers up and down the country.”

The firms

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

Directors Martyn Owen and Martin Davies will continue to lead the Executive Insurance team of 18 staff at its Eastbourne office.

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

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

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

As well as direct online services, the firm gives other brokers and their clients access to the scheme.

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

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