JMG Group
JMG Group is a UK-based insurance broker that consolidates specialist regional brokerages across construction, fleet, liability, private client, and education sectors. Founded in 2020 and owned by GTCR and Synova, it operates 60 UK offices and over £350 million in gross written premiums.
- Company typePrivate
- Founded2020
- HeadquartersLeeds, United Kingdom
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What JMG Group does
JMG Group is a UK-based insurance broker operating as a privately held platform company that consolidates specialist and niche insurance brokerages across the United Kingdom. The group is headquartered in Leeds and was established through a management buyout in 2020 backed by private equity firm Synova, with US firm GTCR joining as a co-investor through a subsequent acquisition completed in October 2025. Since the 2020 MBO, JMG Group has executed over 40 acquisitions, scaling from a regional broker to a top 30 UK insurance broker with over £350 million in gross written premiums, more than 800 employees, and 60 offices across the UK as of mid-2026.
The company's business model centers on acquiring independent insurance brokerages and retaining their local brand identities, management teams, and customer relationships while layering on centralized resources, scale benefits, and growth capital. Acquired firms span specialist segments including construction, fleet, liability, private client (high-net-worth), and education-sector risk services. The January 2025 acquisition of Confidential Solutions Group added Managing General Agent (MGA) and Lloyd's broker capabilities, broadening the platform beyond retail brokerage into underwriting and London market distribution. The December 2025 acquisition of SafeSchool extended the group into education-focused health and safety consultancy, serving over 200 educational establishments through the Risk Support Services division.
JMG Group generates revenue through commissions on insurance premiums placed for clients (transaction-fee model) and through fees from its MGA, risk management, and consultancy operations. Its go-to-market is direct, enterprise and mid-market field sales delivered through its nationwide network of acquired brokerages serving commercial and personal lines customers across UK regions. The company's growth strategy is dual-pronged — aggressive M&A consolidation of fragmented regional brokers combined with organic expansion into adjacent services — supported by a regional managing director structure and recent senior hires with backgrounds at major UK brokers such as Gallagher.
JMG Group firmographics
Firmographics- Name
- JMG Group
- Legal name
- JMG Group Investments Ltd.
- Website
- https://jmg-group.co.uk
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- JMG Group is a UK-based insurance broker that consolidates specialist regional brokerages across construction, fleet, liability, private client, and education sectors. Founded in 2020 and owned by GTCR and Synova, it operates 60 UK offices and over £350 million in gross written premiums.
- Ownership category
- akta.pro rank
JMG Group industry classification
Industry- Product category
- Insurance Brokerage
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
Keywords
Where JMG Group is headquartered
LocationHeadquarters
- HQ city
- Leeds
- HQ country
- United Kingdom
- HQ region
- Europe
Offices9 records
Markets served
JMG Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Insurance Brokerage Services: JMG Group operates as an insurance broker generating revenue through commissions on insurance premiums placed for clients. The company has grown to over £350 million in gross written premiums through acquisitions and organic growth in the UK insurance market.
Go-to-market motion2 records
Distribution channels1 record
JMG Group product offering
Product offeringCore offering
JMG Group is a UK-based independent insurance broker group that places insurance coverage on behalf of commercial and private clients across specialist niches including construction, fleet, liability, private client, and education sectors. It also provides Lloyd's market and MGA distribution through its Confidential Solutions Group subsidiary and health and safety consultancy to schools through SafeSchool. The group earns revenue via commissions on premiums placed with underwriters across its federated network of acquired brokerage brands.
Product overview
JMG Group is a UK-based insurance broker operating as a platform of multiple acquired insurance brokerages and divisions. The company operates through its Risk Support Services division and numerous acquired brands including SafeSchool (health and safety consultancy for education), BQI Insurance/BQI Protection (construction, fleet, and liability), GS Group (Scotland's largest independent broker), Confidential Solutions Group (MGA, Lloyd's broker, and retail broker), and multiple other regional brokerages. Following acquisitions of Jukes Insurance Brokers, RP Lovatt, and Nene Valley Insurance Practice, the group now operates more than 800 staff across 60 offices. The company has completed over 40 acquisitions since a management buyout in 2020 backed by private equity firm SYNOVA, scaling to over £350 million in gross written premiums.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Insurance Brokerage (Construction, Fleet and Liability) Specialist commercial insurance brokerage for construction companies, fleet operators, and businesses requiring liability coverage. Delivered through regional offices and acquired specialist broker brands including BQI Insurance and BQI Protection, Howe Maxted Group (general insurance division), and Nene Valley Insurance Practice.
- Private Client Insurance Comprehensive personal insurance brokerage for high-net-worth individuals and families, providing tailored coverage and dedicated account handling. Led by a dedicated division CEO with prior experience building a private client practice at Gallagher.
- Education Sector Insurance and Health and Safety Consultancy Risk management and health and safety consultancy services for schools and educational establishments, delivered through SafeSchool within the Risk Support Services division. Supports compliance with health and safety regulations and protection of students and staff.
- Lloyd's and MGA Insurance Distribution Lloyd's market broking and Managing General Agent (MGA) underwriting services delivered through the London-based Confidential Solutions Group subsidiary, providing access to specialty market capacity and underwriting capability.
- Scottish Regional Insurance Brokerage General commercial and personal insurance brokerage across Scotland, delivered through GS Group, contributing approximately £50 million in GWP placed in the Scottish market.
Companies that use JMG Group
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles3 records
JMG Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
JMG Group partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered minor.
- Jukes Insurance Brokers, RP Lovatt, and Nene Valley Insurance PracticeminorJMG Group completed acquisition of three insurance brokerages - Jukes Insurance Brokers (Bromsgrove, founded 1963), RP Lovatt (Oxfordshire, founded 1960), and Nene Valley Insurance Practice (Northampton, fleet/trades specialist founded 2018).
- SafeSchoolminorJMG Group's Risk Support Services division acquired SafeSchool, a health and safety consultancy focused on education. SafeSchool supports over 200 educational establishments in the UK and will operate independently within JMG Group.
- Confidential Solutions GroupminorJMG Group acquired London-based Confidential Solutions Group, marking its 40th business since MBO in 2020. The deal brings together an MGA, a Lloyd's broker, and a retail broker with combined revenues of £8 million.
- C P Bennet LtdminorJMG Group's North Yorkshire arm acquired C P Bennet Ltd, an almost 100-year-old Bridlington-based insurance broker.
- Howe Maxted Group (General Insurance Division)minorJMG Group Investments Ltd acquired the general insurance division of Howe Maxted Group Ltd, based in Kent, UK.
- Gleaming InsuranceminorAcquired by JMG Group as part of expansion strategy. Gleaming Insurance joins the group to strengthen presence in niche insurance markets.
- Executive Insurance ServicesminorAcquired by JMG Group as part of expansion strategy. Executive Insurance Services joins the group to strengthen presence in niche insurance markets.
- BQI Insurance and BQI ProtectionminorAcquired by JMG Group to strengthen presence in construction, fleet, and liability insurance sectors. The acquisition adds £25 million in gross premiums and 46 staff members, with new offices in London, Wellingborough, and Perth.
- BJP Insurance BrokersminorJMG Group acquired BJP Insurance Brokers in Wokingham, marking its 14th acquisition over two years. The deal increases GWP to over £200 million and adds 60 staff members.
- GS GroupminorJMG Group acquired GS Group, Scotland's largest independent broker. The acquisition increases JMG Group's GWP placed in Scotland to £50 million and is part of its growth strategy in the UK.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
JMG Group competitors and assessment
Company assessmentDirect peers
- PIB Group: UK-focused insurance broker consolidator pursuing a comparable acquisition-led strategy across commercial, employee benefits, and specialist lines — directly comparable in model, though operating at a larger and more diversified scale.
- Sutton Winson: UK broker with heritage in commercial and private client insurance; comparable in mid-market positioning and the type of founder-led targets JMG acquires.
- Howden Group Holdings: Leading London-headquartered independent insurance broker with a UK and European acquisition-led growth playbook; the closest peer in terms of consolidation strategy and target verticals.
- Clear Group: Independent UK insurance broker pursuing organic and acquisitive growth across commercial, private client, and specialist lines — a smaller but highly comparable consolidator.
Broad incumbents
- Lockton UK: Largest independent insurance broker globally with a significant UK operation; competes for mid-market and specialty accounts alongside JMG's specialist divisions.
- Arthur J. Gallagher & Co. Global insurance broker and risk-management services firm that competes directly with JMG in UK mid-market and specialist segments through its Retail Brokerage and Risk Management divisions.
- Aon UK: Global risk, reinsurance, and insurance brokerage firm with deep UK presence; competes for mid-market and specialty clients that JMG also targets.
- Marsh Ltd (Marsh McLennan): Global insurance broker and risk advisor with a substantial UK footprint; competes in commercial and specialty lines where JMG is building scale.
- Brown & Brown UK: US-listed insurance brokerage roll-up acquirer; owns Aston Lark in the UK, making it a directly relevant competitor and a likely strategic exit benchmark for platforms of JMG's profile.
Emerging players
- Acrisure UK: Global broker roll-up with a growing UK presence, applying a comparable tech-enabled acquisition strategy across commercial and specialty lines.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
JMG Group social profiles
Digital presenceJMG Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
JMG Group leadership team
Management profileNumber of profiles
Profiles4 records
JMG Group subsidiaries and ownership
Company hierarchySubsidiaries12 records
JMG Group funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
JMG Group M&A and investment
M&A and investmentM&A14 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about JMG Group
What does JMG Group do?
JMG Group is a UK-based independent insurance broker group that places insurance coverage on behalf of commercial and private clients across specialist niches including construction, fleet, liability, private client, and education sectors. It also provides Lloyd's market and MGA distribution through its Confidential Solutions Group subsidiary and health and safety consultancy to schools through SafeSchool. The group earns revenue via commissions on premiums placed with underwriters across its federated network of acquired brokerage brands.
Is JMG Group a public or private company?
JMG Group is a private company. It is classified as private equity controlled and is currently operating.
When was JMG Group founded?
JMG Group was founded in 2020. It employs 501 to 1,000 people.
Where is JMG Group based?
JMG Group is headquartered in Leeds, United Kingdom, in the Europe region.
How does JMG Group make money?
One revenue line is on record: insurance Brokerage Services.
Who are JMG Group's main competitors?
Direct peers on record are PIB Group, Sutton Winson, Howden Group Holdings and Clear Group. Broad incumbents are Lockton UK, Arthur J. Gallagher & Co., Aon UK, Marsh Ltd (Marsh McLennan) and Brown & Brown UK. Acrisure UK is listed as an emerging player.
Does JMG Group have an API?
No public API is recorded for JMG Group.
What industry is JMG Group in?
JMG Group's product category is Insurance Brokerage. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services. Its NAICS code is 5242 and its SIC code is 6411.