JMG Group acquires commercial broker and MGA to boost south east presence

JMG Group has acquired commercial broker Langton London Insurance Brokers and MGA Portsoken to strengthen its presence in the south east.

Founded nine years ago by directors Eddie Ferrao and Tony Gutteridge, Langton London has grown to a £7m gross written premium (GWP) broker with 14 staff operating from its Redhill office.

The business has technical expertise across commercial insurance, professional indemnity, cyber, recruitment and specialist SME risks.

Meanwhile, MGA Portsoken operates as a separate underwriting arm from Langton London.

The specialist MGA provides delegated authority schemes focused on the recruitment sector, professional indemnity and cyber liability covers, as well as textiles, including fashion, manufacturing and wholesale.

Eddie Ferrao, managing director at Langton London Insurance Brokers and Portsoken, said: “Our growth and success over the past nine years is down to the strength and commitment of our team. We reached a point where we wanted to take the business to the next level and joining JMG Group gives us the support to do that.

”It has already removed much of the administrative and compliance burden, allowing us to focus more on clients, and we are already seeing the benefits of being part of a larger group.”

Expansion plan

JMG Group said the deal strengthens the group’s regional presence across Surrey and south London, while adding depth in specialist and emerging risk sectors, particularly cyber and complex SME markets.

Nick Houghton, JMG Group chief executive, said: “Langton London is a trusted, experienced and ambitious broker that fits perfectly with our approach.

”The Langton team is highly regarded and our role is to support them, remove barriers and allow them to do what they do best.”