Beacon Insurance and Investment Group

What Beacon Insurance and Investment Group does

Beacon Insurance and Investment Group operates as an independent insurance brokerage primarily serving Connecticut residents and small-to-mid-market businesses. Following its February 1, 2022 merger into JMG Insurance Corp (DBA John M Glover Agency, founded 1916), the combined entity is rated the 85th largest privately owned Property & Casualty agency in the United States. The firm distributes across four product lines: personal insurance (homeowners, auto, umbrella, landlord, renters, flood, and recreational lines such as boat, motorcycle, RV, ATV, and snowmobile); commercial insurance (business owners policy, general liability, commercial auto, cyber liability, errors & omissions, workers compensation, and industry-specific packages for contractors, retail, construction, franchise, non-profit, and public transportation); life and health insurance (individual health, life, Medicare, travel, plus employer benefits); and specialty insurance covering 18+ niche verticals including arborist, daycare, restaurant, farm & ranch, and youth sports. The Private Client Division targets high-net-worth individuals, family offices, and homebuilders.

The business model is commission-based brokerage, generating revenue by placing personal, commercial, and specialty policies across multiple carriers rather than underwriting risk itself. Customer acquisition runs through phone-based sales (844-304-7332), self-serve website quote requests, organic social media (Facebook, Instagram, LinkedIn), and third-party comparison sites such as AgentInsure. Existing-customer servicing is supported by the CSR24 client portal for policy management, payments, and certificate requests. The firm is privately held with no disclosed institutional investors or parent-subsidiary structure, and key client-facing personnel (Frank Trentini, Elisa Pellegrino, Silvana Giuliano) have remained in role through the merger, signaling continuity of the relationship-led service model. There is no indication of proprietary technology, AI/ML capabilities, APIs, or SDKs; the operating model is conventional brokerage with a thin digital layer in front of human account managers.

Name

Beacon Insurance and Investment Group

Legal name

JMG Insurance Corp.

Website

https://getabeaconquote.com

Company type

Private

Founded year

1916

Operating status

Operating

Headcount range

1–10 employees

Short description

Beacon Insurance and Investment Group is a Connecticut-focused independent insurance brokerage that, following its 2022 merger into JMG Insurance Corp, places personal, commercial, life & health, and specialty insurance across multiple carriers for individuals, small businesses, and niche industries.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Independent insurance brokerage
• Personal lines insurance
• Commercial property casualty
• Life health insurance
• Specialty industry coverage

Headquarters

HQ city

East Haven

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D

Revenue model

1. Insurance Brokerage Commissions: Generates revenue through commissions from multiple insurance carriers for placing personal, business, and specialty insurance policies. Acts as an independent brokerage offering coverage from several insurance companies.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Beacon Insurance and Investment Group, operating as part of JMG Insurance Corp. (John M Glover Agency), is an independent insurance brokerage that places personal, commercial, life/health, and specialty insurance policies with multiple carriers on behalf of Connecticut consumers and businesses. Following the February 1, 2022 merger with JMG, the firm places coverage across homeowners, auto, umbrella, business owners policies, workers compensation, cyber liability, life, health, Medicare, and dozens of niche industry-specific lines.

Product overview

Beacon Insurance and Investment Group, following its merger with JMG Insurance Corp on February 1, 2022, offers a comprehensive portfolio of insurance products and services. The company operates as a multi-line insurance brokerage providing Personal Insurance (property and recreational coverage), Business Insurance (property & casualty, workers compensation, cyber liability, and industry-specific solutions), Life and Health Insurance (individual and employer benefits), and Specialty Insurance (niche industry coverage such as restaurant, construction, and non-profit). Services include Surety bonds and Claims Assistance. The company serves both individual consumers and commercial clients across Connecticut.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Insurance Insurance coverage for individual consumers including property insurance (homeowners, auto, umbrella, landlord, renters, flood) and recreational vehicle insurance (ATV, boat & yacht, motorcycle, RV, snowmobile). Offered to Connecticut households seeking bundled personal asset and liability protection across multiple carriers.
• Business Insurance Commercial property & casualty coverage for Connecticut businesses, including business owners policy, commercial general liability, commercial auto, cyber liability, errors & omissions, commercial flood, commercial property, workers compensation, and short- and long-term disability. Industry-specific solutions available for commercial marine, condominium/HOA, construction, contractors, franchise, non-profit, public transportation, and retail.
• Life and Health Insurance Individual life and health products including health insurance, life insurance, Medicare, student accident & specialty coverage, and travel insurance, plus business services for employer benefits, client services, and compliance. Offered to Connecticut individuals and employers.
• Specialty Insurance Industry-specific insurance lines for niche verticals including arborist, car wash, convenience store, daycare, farm & ranch, garage, grocery store, habitational, limo, pool & spa contractors, rage room, restaurant, school accident, special event, sports, trucker, woodworkers, and youth sports. Designed for businesses whose risk profiles fall outside standard commercial policy forms.
• Private Client Division Specialized personal insurance services for high net worth individuals, family offices, and homebuilders. Provides custom coverage for high-value homes, collections, umbrella limits exceeding standard market capacity, family office risk coordination, and coverage during home construction and post-completion.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

One partnership is on record.

• JMG Insurance Corp (DBA John M Glover Agency)coreStrategic or Co-development Partner · 1 February 2022Beacon Insurance completed a merger with JMG Insurance Corp on February 1, 2022. The partnership provides Beacon customers with additional resources, pricing options, and fresh alternatives for coverage needs. JMG brings expertise in Commercial and Life & Health Insurance, along with access to several new insurance companies. The existing contacts at Beacon (Frank Trentini, Elisa Pellegrino, Silvana Giuliano) continue to serve customers under the combined organization.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Market position

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/JMGInsuranceCorp
• LinkedInlinkedin.com/company/beacon-insurance-and-investment-group-llc
• Instagraminstagram.com/jmginsurancecorp

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Beacon Insurance and Investment Group