Insurance group acquires Surrey broker

JMG Group has announced its acquisition of Surrey-based insurance broker SIA Insurance.

SIA Insurance is led by directors Chris Browne and Colin Duxberry, who have collectively worked in the insurance industry for over 75 years. Since establishing SIA Insurance in 1996, the business has acquired five companies and now employs ten staff who provide commercial, property and motor insurance services from its offices in Surbiton, Surrey. Selling to JMG Group is part of the succession plan, giving the business a solid platform from which it can grow further.

As part of the deal, JMG Group will also integrate SIA’s subsidiary, Evergreen Insurance Services. Established in 2017 by founder Dave Gardiner, Evergreen donates up to 25% of its commission to ethical and environmentally focussed charities – including wildlife and environmental conservation charities – to ensure insurance purchases serve a greater purpose.

JMG Group will also acquire Evergreen’s innovative Tankershield and Oilshield products, offering specialist insurance and risk management solutions with prevention, protection and continual
improvement at their core.

Duxberry said, “Joining the JMG Group marks an exciting chapter for SIA Insurance and for our dedicated team. The acquisition presents a fantastic opportunity for growth and for our staff to
further develop with the support of a larger group of experienced insurance professionals. I’ll continue to work with our existing clients while supporting the team through the transition. I’m
excited to see the business grow and see the opportunities which lie ahead for our business.”

JMG Group chief executive Nick Houghton said, “Colin and Chris’ experience in the industry, coupled with Dave’s experience and passion for the environment are a winning combination and will help us to provide an even better service to clients.”

Leeds-based JMG Group was established in 2020 following a management buyout of JM Glendinning.