Group boosts its market position with acquisition of established broker

JM Glendinning North Yorkshire, which is part of the JMG Group, has acquired commercial and personal lines insurance broker CP Bennet Ltd. 

Scarborough-based JM Glendinning North Yorkshire, led by MD Alison Piercy, has made its second acquisition just months after its move to larger premises to accommodate future growth.

CP Bennet MD, Simon Benson, will move to JM Glendinning’s office in Wykeham, Scarborough.

CP Bennet is a long-established Bridlington-based insurance broker which was founded by Charles Percy Bennet in 1929.

Simon Benson joined the business in 1986 to work for his father, Albert Benson, who joined CP Bennet in 1970 and was a director until 2013.

Simon has been instrumental in shaping and growing the business for over 38 years.

Piercy said: “We’ve been looking for that perfect addition to our business; one which shares our own operational and cultural values, and one we feel delivers quality customer support.

“I believe CP Bennet is a great fit and matches who we are and what we do and I’m excited to bring them onboard.”

Simon Benson said: “This sale is part of our succession plan, to allow for a seamless transition in the future and continuity for employees and clients.

“It will also enable us to continue the growth of what my dad and our team have built over the years.

“While growing rapidly, both organically and through acquisitions, the JMG Group still retains its family-run feel and its client-first ethos.

“I’m looking forward to being part of the group and seizing the opportunities that are ahead of us.”