The deal is New Era’s first since becoming part of the JMG Group in March 2023

HGV and motor trade insurance broker New Era has acquired Courier Insurance as it looks to specialise in the haulage and courier sectors.

Preston-based Courier Insurance, which was established in 2012, provides services including courier van, public liability and fleet insurance as well as breakdown cover.

The broker will maintain its trading style and headquarters in Lancashire as part of the move, while director Simon Moores will continue to lead the team, a statement released this week (4 April 2023) said.

New Era directors Ella Burgess and Nathan Pedley, who founded the business in January 2020, said they were “over the moon with this acquisition”.

”We were keen to join forces with a team in this specialist area of the insurance market in which we want to lead,” they added.

“We feel that bringing the company onboard with us will give us a real advantage and make New Era a specialist in both the haulage and courier sectors.”

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This is the first acquisition New Era has made since it became part of the JMG Group in March 2023.

A statement said New Era’s acquisition of Courier Insurance ”establishes a new specialist commercial motor division within the JMG Group”. 

Nick Houghton, JMG Group chief executive, said that when the firm purchased New Era, it “pledged to support its growth” as well as “help the team develop and flourish”.

”This is the first step in its ambitious plans in this thriving market place,” he added.

Speaking about the deal, Moores said: “Our sale to New Era presented a perfect opportunity to join forces with a team [that] has a mutual appetite to grow in this specialist area of insurance, combined with the benefits that being part of the wider JMG Group will bring.”