Knightsure Insurance Brokers has been acquired by JMG Group in a deal that sees the Group purchase 100% of the £1.8m GWP corporate insurance broker business.
Knightsure MD, Tony Knight, who has over 50 years’ experience in the insurance industry, will continue to lead the business which he established in 1990. Tony first met JMG Group CEO Nick Houghton in 2008 when Tony was chair of the South West Region of the Broker Network Membership and Nick was MD of Broker Network.
Says Tony Knight, “I have built many solid relationships with clients within the Southampton business community and beyond and it is very much ‘business as usual’. This move allows me to get on with the part of the job I love the most which is dealing with clients, renewals, sorting claims and finding the best insurance for my clients’ needs.
“I enjoy what I do and feel a strong sense of duty to my clients – but this gives me a ready-made succession plan and a team which takes away some of the noise that can inevitably distract from doing the day job. We had considered a number of potential suitors and felt JMG was best aligned with our own ethos. I’m really excited for the future.”
Nick Houghton, JMG Group MD, says, “We’re delighted to welcome Tony and his business to the Group and to extend our foothold in the South of England. Tony is a supremely competent insurance broker. He is technical and professional and we like the way he works. He now has the added benefit of support to allow him to win and retain customers whilst maintaining the personality of the business and we gain the benefits of his experience and industry knowledge.”
The acquisition further strengthens JMG Group’s foothold in the South of England following its recent acquisition of Wokingham-based BJP Insurance Brokers and also establishing the new JM Glendinning Community Risk Solutions out of offices in Fareham.