’The sale to JMG Group was an easy decision to make as its client-focussed values align closely with our own,’ says managing director

JMG Group has acquired commercial and corporate broker Insure Business – its 20th acquisition since being established in 2020.

M&A, business deal

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Based in the north east, Insure Business provides personalised insurance policies and solutions to UK businesses of all sizes.

A statement released today (22 May 2023) said the broker will join JM Glendinning’s north east business, adding to the team based at Gosforth Business Park in Newcastle.

And Insure Business’ managing director Kate Allison and account handler Daniel Wilds will continue to offer the same service to its client portfolio, whilst rebranding to become JM Glendinning.

Nick Houghton, chief executive of JMG Group, said: “We are delighted to welcome Kate and Insure Business onboard as our 20th acquisition – it’s a perfect fit for the group and a great addition to our Newcastle team.”

‘Easy decision’

So far in 2023, JMG has acquired Knightsure Insurance Brokers and T I Alexander Insurance Brokers in two sperate transactions in January 2023, while it also snapped up HGV and motor trade insurance broker New Era in March.

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The group said purchasing Insure Business was part of its growth strategy, “which is underpinned by a personal approach to the acquisition process”.

“Sellers get to know the JMG team they are going to be part of throughout the sale process, which helps greatly, as does the experience of our M&A team,” Houghton added.

“We are able to move quickly and be creative in our approach.

“The team will work with Kate to take away the noise, leaving Kate and her team to focus on winning and retaining clients.”

Allison added that the sale to JMG “was an easy decision to make as its client-focussed values align closely with our own”.

“Dealing directly with the team I’ll be dealing with really helped me with the sale process and the transition into the group,” she added.

“I am looking forward to being part of the dynamic JM Glendinning team whilst making sure the needs of our clients continue to be exceeded, now with the additional support and resources that being part of a wider group will bring.” 

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