Tue, 02 Jun 2026 | BUSINESS SALE
Acquisitive insurance firm JMG Group has further extended its footprint across the UK with a triple acquisition. The company has acquired three insurance and risk services businesses that the group’s Chief Executive says “share a commitment” to client service and building long-term relationships.
The group has acquired London-based Jaggi Insurance Brokers, West Sussex-based Canfield Payne Insurance Consultants and Aberdeen firm Safetynet Scotland. The deals are described as bringing established business with “longstanding client relationships, experienced teams and personal service” into the group.
Founded in London in 1972 by Jagdish Chaudhry, Jaggi Insurance Brokers is now run by his son Akhil Chaudhry. The firm employs 12 staff and works across commercial and personal lines, with a particular focus on manufacturing, construction, property and specialist commercial risk.
Akhil Chaudhry said the deal would provide the firm with support to continue the momentum it has built over the years, while enabling it to remain true to its values.
West Sussex-based Canfield Payne Insurance Consultants has been operating for more than 25 years, serving clients in commercial and personal lines across the UK. The firm’s tailored cover is offered across areas including high-net-worth home insurance, property and commercial risks.
Managing Director St John Canfield Payne said that joining JMG would provide the firm with “access to wider insurer relationships, additional expertise and the backing of a larger independent group”, as well as creating opportunities for the team and helping to improve its client service.
Established more than 20 years ago, Aberdeen-based Safetynet Scotland works with organisations across sectors including agriculture, construction, manufacturing and care. The deal expands JMG’s offering in Scotland’s health and safety compliance market.
Safetynet Scotland Managing Director Craig Cooper said that the deal would enable the firm to continue providing clients with the services they need, while enabling them to access additional services and expertise.
Nick Houghton, JMG Group Chief Executive, said: “These businesses share a commitment to looking after clients properly and building relationships that last. They have experienced teams, respected reputations and leadership that care about their people and customers.”
“We remain focused on supporting businesses as they grow, while allowing them to retain the identity and service standards that made them successful in the first place. We’re delighted to welcome all three teams to the group.”
Find out more about the changes shaping the UK's insurance M&A market
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