Leeds-based JMG Group has completed its acquisition of Eastbourne-based Executive Insurance Services, bringing additional commercial and motor trade insurance expertise to the business.
Directors Martyn Owen and Martin Davies will continue to lead Executive Insurance’s team of 18.
Martin Davies became a shareholder of Executive Insurance in 2010 and then the sole owner in 2012. His now business partner Martyn Owen joined Executive Insurance 13 years ago and is the director in charge of the broker’s day to day operations.
Director, Martin Davies, says: “We are proud of what we have achieved so far in our journey and have big plans for the future. JMG Group will provide the support to help make those plans a reality. The sale has been such a straight forward process, thanks to our internal processes and the expertise of JMG’s M&A team.
“As well as taking away some of the heavy lifting associated with running a broker, this will help us to further develop our team and continue to expand our client base.”
Tim Johnson, JMG Group chairman, says: “Executive Insurance Services is an ideal partner for JMG. Not only does the business extend our geographic footprint, it brings a specialist capability in the motor trade sector underpinned by an experienced team who share our client first ethos.
“This partnership will bring added value to our joint customers up and down the country and we’re excited to work together to further build on their successes to date.”
