Astute Insurance coverage Options, a part of the JMG Group, has finalised the acquisition of Sandhouse, a property insurance coverage specialist, for an undisclosed quantity.
Integrated in 2021, Sandhouse Insurance coverage relies in Hertfordshire, UK. It’s led by Mark Weedon, the corporate’s managing director.
As a part of this deal, Weedon has joined Astute.
Weedon brings 45 years of business expertise and greater than three a long time of specialisation in property insurance coverage to the Astute crew of 12 in Northampton, UK.
Astute may even profit from his expertise as a property investor in addition to his understanding of threat administration methods to help shoppers in mitigating property possession and different related dangers.
Weedon stated: “Aside from a reputation change to Astute Insurance coverage Options, it will likely be enterprise as standard for our shoppers. This deal permits us to scale our providing with entry to further business experience and enhanced placement choices by way of JMG Group.”
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The acquisition of Sandhouse signifies a serious step in Astute’s development plans and enhances its advice-led service proposition.
As well as, the most recent deal is about to bolster Astute’s industrial and company providers throughout Northamptonshire and the broader UK market.
It additionally marks the primary acquisition for Astute because it joined the JMG Group in 2022.
JMG Group CEO Nick Houghton stated: “Sandhouse is an ideal match into an already high-quality advice-led enterprise taking care of company shoppers. Sandhouse’s specialism within the property sector is an space we need to develop additional, and Mark’s functionality on this space will assist our ambitions.”
Astute, which is led by Ian Mahony, is an insurance coverage dealer specialising in providing complete providers for industrial and company shoppers.
The corporate is headquartered in Northamptonshire, UK, and operates from Mobbs Miller Home on Christchurch Street in Abington, Northampton.
Whereas the brokerage primarily serves shoppers in Northamptonshire and surrounding counties, its attain extends throughout the UK.
