Howe Maxted has been providing risk management solutions for more than a century. Credit: chaylek/Shutterstock.

JMG Group, a UK-based insurance intermediary, has expanded its operations with the acquisition of Howe Maxted’s general business insurance division. 

Financial terms of the transaction were not disclosed. 

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Howe Maxted has been providing risk management solutions for more than a century.  

Directors Graham Smith and John Maxted have led the company to assist clients in mitigating risks affecting both their businesses and personal lives.  

All 14 employees of the company will continue to work from the Sidcup headquarters under the current leadership. 

Director Smith said that the deal will ensure continuity for clients and the Howe Maxted team. 

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The acquired division will join JM Glendinning Insurance Brokers’ network of 12 offices across the UK. 

Smith added: “We know the numbers need to work to run a successful business, but I believe that people are the top priority. The numbers will work when your people are happy, which is why there has always been a ‘people first’ approach at the heart of our business.  

“From our earliest discussions with JMG Group I felt we were on the same page, and that they were the people to help look after the team and clients, some of whom I have worked with for more than 30 years.”  

JMG Group CEO Nick Houghton said: “I am delighted to welcome Graham, John and the team to the group. Their business has a rich history and they have built an enviable reputation and a loyal customer base by putting their clients and their team first. Howe Maxted is exactly the kind of business we are keen to bring into the group, and I look forward to seeing the firm continue to thrive.” 

In May 2024, JMG Group’s division Greenwood Moreland acquired Hamilton Robertson Insurance Brokers (HRIB), including its specialist division, C&A Mackie Insurance Brokers.  

This deal added £15m ($19.38m) in gross written premium to Greenwood Moreland’s portfolio and introduced a team of 25, expanding the workforce to more than 100 across seven sites. 

Earlier this year, JMG purchased BQI Insurance and its sister company BQI Protection. 

BQI Insurance, co-founded by Andy Brown and Sean Quinn in 2006, specialises in construction, fleet and motor trade insurance.  

Additionally, the acquisition of BQI Protection, a broker specialising in personal cover, business protection and employee benefits, is expected to diversify JMG’s portfolio, offering a broader range of services to its clients.