Duo of acquisitions grows insurance group’s headcount to more than 600

JMG Group has completed the acquisition of Executive Insurance Services and Gleaming Insurance this week.

It takes the growing group to a £300m premium income business, with a team of over 600 colleagues across 31 UK offices. 

The acquisition of Executive Insurance Services brings additional specialist commercial and motor trade insurance expertise to JMG group.

Directors Martyn Owen and Martin Davies will continue to lead the Executive Insurance team of 18 staff at its Eastbourne office. 

Founded by MD Martin Holden in 2011 following a 22-year career in the industry, cleaning industry specialist Gleaming Insurance provides policies for cleaning professionals, underwritten by Hiscox Insurance.

Martin Holden

As well as direct online services, the firm gives other brokers and their clients access to the scheme. 

Holden said: “The business is in a very strong position and with the help of JMG Group we can build the brand further and become the go-to broker for all the cleaning industry’s insurance needs.

“JMG Group will help to open up market opportunities and support me in establishing and fostering even more partnerships.” 

Executive Insurance director, Martin Davies, said: “We are proud of what we have achieved so far in our journey and have big plans for the future. JMG Group will provide the support to help make those plans a reality.”

JMG Group CEO, Nick Houghton, added: “Bringing these two incredibly successful businesses into the group extends our geographic footprint and adds specialist capabilities in two niche sectors.

“Both businesses share our ‘clients first, people first’ ethos, and as such they will be superb additions, delivering value to our joint customers up and down the country.”