Review of the Year 2023: JMG Group’s Nick Houghton

Nick Houghton, CEO of JMG Group, reflects on the handsome multiples being paid for brokers and why he does not like the phrase ‘direction of travel’.

What has been your insurance/broking related highlight of 2023?

Growing the JMG team to 550 colleagues. I’m very proud of the growth and career opportunities we are creating.

What has been the most over-hyped insurance/broking buzzword or phrase of 2023?

I don’t like it when people use the phrase “direction of travel” - let’s keep our language clear and simple please.

What was the M&A deal or personnel hire that raised your eyebrows the most in 2023?

Without looking to fuel the Yorkshire stereotype

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Review of the Year 2024: Markerstudy’s Gary Humphreys

Gary Humphreys, group chief underwriting officer at Markerstudy, hails the completion of the Atlanta deal, dreams of having the MGA’s brand adorn the Tottenham Hotspur Stadium and mulls sitting on the sofa and doing Channel 4’s Gogglebox.

Lycetts buys broker Cheviot

Lycetts has strengthened its presence in the North East, purchasing fellow Newcastle-based broker Cheviot Insurance Services.

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