‘Each of these businesses has built its reputation on personal service, knowledge and a deep understanding of its clients,’ says chief executive
JMG Group expanded its footprint across the UK with three broker acquisitions, bringing Allsop Commercial Services, Highhouse Insurance Services and Insursec Risk Management into the Leeds-based group.
The latest deals marked a continuation of JMG’s buy-and-build growth strategy, following fresh investment from Synova and US private equity firm GTCR earlier this year. The business said the acquisitions enhanced its national network while retaining the independent service model valued by clients.
In the past year, JMG Group has embarked on an aggressive acquisition strategy, completing 13 acquisitions in the last year and reaching a total of over 50 since its formation in 2020.
New strings to the bow
Allsop Commercial Services, founded in 1991 in Scunthorpe and now based in Gainsborough, specialises in commercial cover for sectors including construction, farming, financial services and motor trade. Its four-strong team will remain in place under JMG ownership.
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Insursec Risk Management, established in 2000 by managing director Tom Powell, provides tailored insurance for SMEs and high net worth clients across the UK. Powell, who has more than 35 years of industry experience, will continue to lead the eight-person team.
Meanwhile, Sussex-based Highhouse Insurance Services adds niche expertise to JMG with its track record of insuring high-risk assets – from thatched properties and oil refineries to specialist covers such as a “pianist’s fingers”. Former managing director Neil Kimber founded the business in 2005, before relocating it to Selsey high street in 2011.
Nick Houghton, chief executive at JMG Group, said: “Each of these businesses has built its reputation on personal service, knowledge and a deep understanding of its clients. By bringing this expertise into the JMG family, we strengthen the support we can offer to clients nationwide, while preserving the independent, community-focused approach that makes our brokers so valued.”
JMG, a top 50 UK broker, was established in 2020 following a management buyout of JM Glendinning Insurance Brokers. It now operates with more than 800 staff across 49 offices, placing in excess of £400m in annual premiums.
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