JMG Group, through its subsidiaries GS Group, Greenwood Moreland and Lighthouse Risk Services, has carried out three acquisitions for an undisclosed sum.
JMG Group CEO Nick Houghton emphasised the acquisitions as “balancing entrepreneurial autonomy with Group-wide support”.
GS Group acquired W K Insurance, a Scottish broker with a history spanning more than 40 years.
This acquisition brings a team of seven professionals to GS Group, including newly appointed managing director Scott King.
King, who succeeds Kevin King in the role, brings multinational experience, including the London market.
Kevin said: “Scott’s appointment, along with our integration with GS Group, future-proofs the business. We are pleased to join a wider network while staying committed to delivering excellent client service.”
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By GlobalDataGreenwood Moreland has taken over UKI Direct, a broker based in York, UK, that serves small and medium-sized enterprise clients nationwide.
The acquisition sees three broking professionals join Greenwood Moreland, with Ian Donald taking the helm in a planned succession from former owner Mike Howard.
This move increases Greenwood Moreland’s gross written premium by £2.5m ($3.32m), pushing its total placed premiums to more than £58m across its seven UK sites.
Lighthouse Risk Services has acquired TSE Solutions, a Leeds-based company specialising in customised risk management.
The acquisition is the culmination of a professional relationship between Lighthouse director Chris Hall and TSE Solutions managing director Antony Eckersley.
Eckersley stated: “This enhances our service offering in the health and safety market. We have long admired Lighthouse’s high standards and look forward to strengthening our proposition as part of the Group.”
Eckersley will join the Lighthouse team, continuing to serve his existing clientele while also contributing to business development.
JMG Group CEO Nick Houghton says: “These acquisitions reflect the strength of our businesses and their confidence in the support we provide. Each firm has identified and seized growth opportunities that align with their values and ambitions. Our role is to support them – providing infrastructure, financial backing and operational expertise – while enabling them to grow independently and make sound commercial decisions.”
Last year, JMG Group, through JM Glendinning North Yorkshire, acquired C P Bennett, a personal and commercial lines insurance broker based in Bridlington.
