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.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.




Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close