Trio of strategic acquisitions will fuel insurance broker’s growth
Guiseley-headquartered insurance broker, JMG Group, has reinforced its UK presence with a trio of strategic acquisitions by three of its businesses – GS Group, Greenwood Moreland, and Lighthouse Risk Services.
GS Group has acquired long-standing Scottish broker WK Insurance; Greenwood Moreland has invested in York-based UKI Direct; and Lighthouse has integrated Leeds-headquartered TSE Solutions Ltd.
These deals mark the latest step in JMG Group’s growth strategy.
Perth-based GS Group, led by MD Sean Fleming, welcomes WK Insurance, a commercial broker established over 40 years ago.
The acquisition brings seven experienced professionals into the team, including newly appointed managing director Scott King.
Scott King joins from a senior multinational role, bringing experience in a broad range of markets, including London.
He succeeds Kevin King, who remains with the business. Kevin King said: “Scott’s appointment, along with our integration with GS Group, future-proofs the business. We’re pleased to join a wider network while staying committed to delivering excellent client service.”
Greenwood Moreland, under Andrew Weir’s leadership, has acquired UKI Direct, a York-based broker serving SME clients throughout the UK.
Three experienced broking professionals join the business, including Ian Donald who steps into the leadership role as part of a planned succession for outgoing owner Mike Howard.
The acquisition adds £2.5m in gross written premium, taking Greenwood Moreland’s total placed premiums to over £58m across its seven locations across the UK.
Lighthouse has acquired established Leeds-based TSE Solutions Ltd, a specialist in tailored risk management.
The deal builds on a long-standing relationship between Lighthouse director Chris Hall and TSE Solutions MD Antony Eckersley, who now joins the Lighthouse team.
Eckersley will continue to work with his existing clients while taking up a key role in business development.
He said: “This enhances our service offering in the health and safety market. We’ve long admired Lighthouse’s high standards and look forward to strengthening our proposition as part of the group.”
JMG Group CEO, Nick Houghton, said: “These acquisitions reflect the strength of our businesses and their confidence in the support we provide.
“Each firm has identified and seized growth opportunities that align with their values and ambitions.
“Our role is to support them – providing infrastructure, financial backing, and operational expertise – while enabling them to grow independently and make sound commercial decisions.”
