Sunday, December 4, 2022

Acquisitive Leeds insurance broker snaps up Wokingham firm

Leeds-based JMG Group, the acquisitive insurance broker that has swooped for 14 businesses over the last two years, has added BJP to the group.

The move will see headcount increase by 60 to over 420 and strengthen the JMG Group’s presence in the south.

Established in 1997, BJP Insurance Brokers is based in Wokingham. The firm specialises in the building, construction, security, and agricultural machinery sectors and has its own specialist underwriting division – Focus. BJP places over £37m in GWP annually across its retail and underwriting divisions.

BJP Managing Director Andrew Brown will remain invested and at the helm of the business following the sale. He says that joining JMG Group will facilitate a smooth retirement for founding directors Barry McGoun and John Finch, whilst giving the team access to resources and capital to help support their growth plans.

“It was important for us to find a home where we could continue building on all we have created over the last 25 years,” he says. “When we met the JMG team, they just felt like the right partner for us. The JMG support, scale and approach will undoubtedly be good for our team, our customers, and our retail and underwriting divisions. One chapter closes, another one opens – and we can’t wait to get cracking.”

JMG Group CEO Nick Houghton adds: “In BJP, we have found another great business to join forces with to help Andrew and his team with their growth plans. The added dimension of an underwriting division is exciting as this is something we’ve been thinking about for some time now. On behalf of everyone at JMG Group, I’d like to extend a warm welcome to Andrew and his team: we look forward to supporting them to achieve their growth plans.”

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