JMG Group has taken ownership of the insurance broking and trade assets of Glasgow-based broker Taveo Group Ltd. Taveo also has an office in Guildford and the 14-strong team will join Greenwood Moreland, which is part of JMG Group, and strengthen its commercial capabilities in both Scotland and the South of England.

Nick Houghton (pictured), JMG Group CEO: “Taveo is a highly regarded business with an excellent reputation for client service. We’re delighted they’ve chosen to become part of the JMG Group and we’re looking forward to supporting their continued success with the tools and infrastructure to help them excel.”

Earlier this year, JMG Group completed its 50th acquisition since undergoing a management buyout in 2020. The Taveo deal adds to another six that were announced in the past two months.