’This acquisition will add to our established presence in Scotland,’ says managing director
JMG Group has continued its acquisition spree with the purchase of Hamilton Robertson Insurance Brokers (HRIB).
HRIB has offices in Glasgow and London, as well as a specialist motor insurance division called C&A Mackie Insurance Brokers.
The purchase of the firm was made through Greenwood Moreland, a Scottish broker that joined JMG Group in 2022.
JMG said the deal added £15m of gross written premium (GWP) to Greenwood Moreland and increased the company’s total headcount to over 100 people across seven offices.
Greenwood Moreland managing director Andy Weir said the HRIB team and systems will be integrated with JMG Group over the coming months.
“This acquisition will add to our established presence in Scotland, as well as bringing a platform for dynamic growth across the UK,” he added.
Senior team
This is the second deal announced this week by JMG, with it having snapped up SIA Insurance on Tuesday to bolster its commercial services and expand in the South.
Read: JMG Group expands portfolio and geographical reach with acquisition
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As part of the latest deal, HRIB owner Graeme Robertson and his senior team, including Graeme Brown and Jack Dalton, will continue to lead the business.
“Along with their many loyal and long-standing client relationships, Graeme and his team possess a wealth of knowledge and experience, combined with an impressive track record of growth – all of which will strengthen the proposition across our business in the years ahead,” Weir said.
“I’m delighted that Graeme and his team have trusted Greenwood Moreland and JMG with the future of their business and we are excited to get started with this next chapter.”
Robertson added that following the acquisition, it will be “business as usual” for HRIB clients going forward.
Speaking about the deal, he said: “This is great news for our business, clients and staff.
”It secures an amazing future by plugging into the resources and investment secured through Greenwood Moreland and JMG.
”Thank you to Andy Weir and the Greenwood Moreland team, as well as JMG and their advisors, for making the whole process clear and fair.”
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