Greenwood Moreland, a division of UK insurance coverage dealer JMG Group, has acquired Hamilton Robertson Insurance coverage Brokers (HRIB) for an undisclosed sum.
The deal, which incorporates HRIB’s specialist division, C&A Mackie Insurance coverage Brokers, contributes an extra £15m in GWP to Greenwood Moreland’s portfolio.
HRIB, with places of work in Glasgow and London, brings a workforce of 25 staff to the group, rising Greenwood Moreland’s complete GWP to over £40m and increasing its workforce to greater than 100 throughout seven places.
The prevailing administration workforce at HRIB, led by proprietor Graeme Robertson, alongside senior leaders Graeme Brown and Jack Dalton, will proceed to information the corporate’s progress.
Greenwood Moreland MD Andy Weir stated: “This acquisition will add to our established presence in Scotland in addition to bringing a platform for dynamic progress throughout the UK. Together with their many loyal and long-standing shopper relationships, Graeme and his workforce possess a wealth of information and expertise mixed with a formidable monitor report of progress – all of which can strengthen the proposition throughout our enterprise within the years forward.”
Robertson added: “That is nice information for our enterprise, shoppers and workers. It secures a tremendous future by plugging into the assets and funding secured by Greenwood Moreland and JMG Group.”
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The acquisition is JMG’s second buy in the identical week.
Earlier, JMG introduced the acquisition of Surrey-based SIA Insurance coverage, a dealer that employs a workforce of ten offering a spread of insurance coverage providers.
JMG’s acquisition additionally included SIA’s subsidiary, Evergreen Insurance coverage Companies, which donates a portion of its fee to charities centered on wildlife and environmental conservation.
Final month, JMG acquired BQI Insurance coverage and its sister firm BQI Safety.
