JMG Group has expanded its footprint in the UK insurance market through three separate acquisitions executed by its subsidiaries GS Group, Greenwood Moreland, and Lighthouse Risk Services.
Perth-headquartered GS Group has acquired W K Insurance, a commercial brokerage with more than four decades of trading history in Scotland. Seven staff have joined GS Group as part of the transaction, including Scott King, who takes over as managing director from Kevin King.
Scott King, who previously held a senior multinational role, will now lead the business, with Kevin King remaining in a supporting capacity. Kevin said the transition and integration with GS Group would help ensure continuity and support the firm's future direction.
Greenwood Moreland has taken over York-based brokerage UKI Direct, which services SME clients across the UK. The acquisition brings three broking professionals into the business, including Ian Donald, who assumes a leadership role as part of the succession plan for outgoing owner Mike Howard.
The addition of UKI Direct increases Greenwood Moreland’s gross written premium (GWP) by £2.5 million, raising its total placed premium to over £58 million across seven UK locations.
Lighthouse has completed the acquisition of TSE Solutions Ltd, a Leeds-based firm that specialises in bespoke risk management services. The transaction formalises an existing relationship between Lighthouse director Chris Hall and TSE Solutions managing director Antony Eckersley.
Eckersley will remain active in client engagement while contributing to Lighthouse’s business development efforts. He said the deal enhances their capabilities in the health and safety sector and that the team looks forward to operating under the wider group framework.
JMG Group CEO Nick Houghton (pictured above) said the acquisitions were aligned with the group’s strategy of enabling businesses to pursue their own growth trajectories with the backing of shared infrastructure, funding, and operational support.
The acquisitions are also part of the group’s continued expansion, with JMG Group earlier this year announcing its intention to continue its strategy into 2025 and beyond after completing more than 20 deals last year.
The broker, which placed more than £350 million in gross written premium in 2024, said that it is currently in advanced negotiations with multiple firms and expects to confirm further transactions in the coming months.
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