’JMG Group’s reputation as being a forward-thinking and client-focused business is a great fit,’ says managing director
JMG Group-owned JM Glendinning Insurance Brokers Lancashire has made its first acquisition with the purchase of Tim Hinchcliffe Commercial Brokers.
Tim Hinchcliffe previously operated as an appointed representative of the Gauntlet Group and JMG said the acquired firm’s managing director, Tim Hinchcliffe, would play a key role in strengthening JM Glendinning’s presence in the North West.
Hinchcliffe brings over 23 years of experience in commercial insurance, particularly in motor insurance services across Lancashire and Yorkshire, to the team.
He previously held roles such as director at Gauntlet Lancashire in 2015, business executive at Axa in 2010 and positions at Willis, HSBC Insurance Brokers and Reynolds Insurance Brokers.
Matthew Stuttard, managing director at JM Glendinning Insurance Brokers Lancashire, said: “Welcoming Hinchcliffe’s business is our first acquisition and a fantastic additional step in our growth journey, allowing us to further build on our expertise in motor trade insurance.”
Hinchcliffe added: “Having known some of the team before I entered discussions about this sale, I was confident that I’d be putting my business in safe hands. JMG Group’s reputation as being a forward-thinking and client-focused business is a great fit.
“I believe my clients will quickly reap the rewards of having access to more services, additional expertise and a broader market as I move away from the network method of broking.”
Milestone
The deal for JMG’s Lancashire business follows the wider group acquiring broker Confidential Solutions Group (CSG) in September, which was it’s milestone 40th deal since 2020, when the group was formed from a management buyout of JM Glendinning.
Read: JMG hits milestone with acquisition of insurance group
Read: JMG Group expands presence in Scotland and Southampton with two broker buys
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Stuttard said: “I started this business five years ago and we are now trading just under £5m of premium from the Blackburn office.
“All growth so far has been organic and I’m extremely proud of what we have achieved.
“Our team of experienced professionals is excited to continue with our expansion and we plan to bring new talent on board in the coming months.”
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