JMG Group achieves milestone as it acquires London-based broker

JMG Group has purchased London-based Profile Insurance Services – its 50^th acquisition since its 2020 management buyout.

Founded in 1997 by managing director Melanie Burns, Profile Insurance Services is a broker that was initially known for its niche expertise in placing cover for high net worth footballers.

Since then, it has grown into an adviser for a broad range of commercial and personal clients.

Speaking about being acquired by JMG Group, Burns said: “It’s a ‘pinch me’ moment. Everything we have built, the energy we have put into the business, the values we’ve protected, the relationships we have nurtured, have brought us to this point.

“Becoming part of the JMG Group allows us to grow with the support of a like-minded business that genuinely cares about its people, clients and future.

“The move gives us consistency and backing to grow in a natural way. Our clients will continue to work with the same team, with the added benefit of more support behind the scenes – from insurer reconciliation to access to wider market expertise – everything we need to flourish.”

Milestone

JMG Group was established in 2020 following a management buyout of JM Glendinning Insurance Brokers led by chief executive Nick Houghton and backed by Synova.

Speaking about its 50^th purchase, Houghton said: “Reaching our 50^th acquisition is a proud milestone, but it’s never been solely about volume. It’s about finding brilliant people and quality businesses that share our values.

“Burns and her team are experienced, loyal and deeply committed to their clients.

“They’ve built a stable, well-run business and bring a range of skills that will enhance our group’s proposition. We’re excited to support their next phase of growth.”