JM Glendinning targets further growth after Bickley buy

Nick Houghton JM Glendinning

Group CEO Nick Houghton discusses how the Bickley deal came about and reveals plans to acquire 10 to 15 more businesses in the next three to five years.

After acquiring its first business in the south, JM Glendinning Group has revealed it is on track to acquire 10 to 15 more businesses in the next five years.

In an interview with Insurance Age, Nick Houghton, JMG Group CEO, discussed reasons which made the recent deal with Bickley Insurance attractive.

He commented: “From my perspective, the most important thing is ‘do I want to work with the individual, is it a good fit for our business, and can we develop a plan together?’

“Jeff [Bickley

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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