Friday, November 8, 2024

JMG Group makes 40th acquisition

Leeds-based JMG Group has invested in its 40th business in four years since its launch. Its latest deal sees the business acquire Confidential Solutions Group, based in London.

This acquisition brings MGA (Platinum Underwriting), Lloyd’s broker (Leadenhall Insurance Brokers), and retail broker (Confidential Solutions Ltd) into the JMG Group family. Founded by managing director Kevin Carrabine, the companies have collectively grown to become a £8m GWP group since Confidential Solutions was launched in 2002. The deal sees Kevin and 13 colleagues join JMG Group.

Kevin Carrabine says: “I’m incredibly proud of what we’ve achieved, growing from a small business based in North London to become the business as we stand today. There is a lot of consolidation in the marketplace and being part of a bigger group feels like the right next step for our businesses and for our team.

“JMG’s vision for growth, combined with its commitment to supporting specialist businesses like ours, made this a natural move. We’re excited about the future and the opportunities this brings for our team, the JMG Group as a whole and for our clients.”

Nick Houghton, CEO of JMG Group, says: “Reaching 40 investments since our management buyout in 2020 is a real milestone for us. It’s also a terrific opportunity for Kevin and his first-class team to continue the growth of all three businesses with the support of their new colleagues, as well as adding real value to JMG Group clients via the Lloyd’s and MGA expertise.” 

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