JMG Group says its annual gross written premium has now hit £500m and that it is targeting £1bn within the next five years. The consolidator has completed more than 70 acquisitions since 2020, the year in which CEO Nick Houghton led a management buyout of JM Glendinning with backing from private equity firm Synova. Last year, private equity firms GTCR and Synova LLP acquired JMG Group.

Nick Houghton, CEO of JMG Group, said: “Reaching £500m GWP is a huge moment for our business and everyone who has been part of our journey. It reflects the strength of our approach and the outstanding work of our colleagues across the group.”

He added: “With over 70 acquisitions completed, we remain focussed on what comes next. If anything, reaching this milestone means we see more opportunities than ever before. Our ambition is to build a £1bn GWP business within the next five years, and any broker thinking about succession planning should contact us.”