Insurer creates specialist commerical motor division through acquisitions

Specialist HGV and motor trade insurance broker New Era has made its first acquisition within weeks of becoming part of the Yorkshire-based JMG Group. 

The firm, which was acquired by JMG Group in March, has acquired Preston-based in a move that establishes a new specialist commercial motor division within the group and reinforces the company’s commitment to growth in this market., which was established in 2012, provides services covering courier van insurance, public liability insurance, breakdown cover and fleet insurance. It will continue to trade as and its team, led by director Simon Moores, will continue to work with clients out if its Preston office. 

Moores said, “Our sale to New Era presented a perfect opportunity to join forces with a team which has a mutual appetite to grow in this specialist area of insurance, combined with the benefits that being part of the wider JMG Group will bring. We are excited for what lies ahead for us and for the added value that this step forward brings to our clients.” 

New Era directors Ella Burgess and Nathan Pedley, who set up the business in January 2020, said,  “We’re over the moon with this acquisition. We were keen to join forces with a team in this specialist area of the insurance market in which we want to lead. We feel that bringing the company onboard with us will give us a real advantage and make New Era a specialist in both the haulage and courier sectors.”

JMG Group CEO, Nick Houghton, comments, “When we acquired New Era in March we pledged to support its growth and help the team develop and flourish. This is the first step in its ambitious plans in this thriving market place. Nathan and Ella already have a proven track record with New Era as does Simon with so I am looking forward to seeing what’s next for the team.”