JMG Group breaks £500m annual GWP barrier

Insurance broker JMG Group has crossed the £500m gross written premium (GWP) threshold for the first time, the firm announced today (28 April 2026).

JMG Group – established in 2020 following a buyout of JM Glendinning Insurance Brokers – said the milestone reflected the “scale and momentum JMG Group has built in a relatively short period”.

Since 2020, JMG Group has completed more than 70 acquisitions, saying it aims to integrate brokers in a way that “supports their autonomy, expertise and local strength, ensuring acquired businesses continue to thrive after the deal”.

The firm has a stated aim of reaching £1bn GWP within five years, a target which would require compounding annual growth of approximately 14.9% a year.

More opportunities

Nick Houghton, chief executive at JMG Group, said: “Reaching £500m GWP is a huge moment for our business and everyone who has been part of our journey. It reflects the strength of our approach and the outstanding work of our colleagues across the group.

“We have a strong track record of doing exactly what we say we’ll do, which includes integrating our acquired businesses successfully for everyone involved and equipping them with opportunities and resources for growth.”

He continued: “With over 70 acquisitions completed, we remain focused on what comes next. If anything, reaching this milestone means we see more opportunities than ever before.

“Our ambition is to build a £1bn GWP business within the next five years and any broker thinking about succession planning should contact us. We are actively looking to speak to likeminded, ambitious, regional commercial brokers who want to be part of a growing, supportive group.”