JMG Group has acquired the insurance broking trade and assets of Glasgow-based Taveo Group, strengthening its commercial insurance operations and expanding its footprint across Scotland and the South of England.
Under the terms of the deal, Taveo's team will join Greenwood Moreland, which is part of the JMG Group, while continuing to operate from their existing offices in Glasgow and London. The integration adds further depth to JMG's regional capabilities and aligns with the group's strategy of acquiring high-performing independent brokers with strong client relationships and technical expertise.
Strengthening regional and commercial capabilities
The acquisition enhances JMG's commercial broking offering, giving clients across key UK markets access to expanded placement options, broader sector expertise and the resources of a larger network. By bringing Taveo under Greenwood Moreland, JMG continues to consolidate its presence across the UK's regional markets, positioning itself as a key player among mid-sized independent insurance brokers.
According to JMG Group CEO Nick Houghton, the transaction reflects the group’s commitment to supporting brokers that have built trusted local reputations. He said Taveo’s established client service culture and technical acumen make it a strong addition to the group, which continues to grow through a mix of organic expansion and targeted acquisitions.
M&A activity continues
The move follows a series of recent acquisitions that have bolstered JMG’s footprint across England and Scotland. The Yorkshire-based broker recently added Boston Insurance Brokers in Solihull, Hayton Insurance Brokers in Kendal, and Gateway Insurance Services in Edinburgh. Each business brings specialist local expertise..
The acquisition activity reflects a broader trend in the UK insurance broking sector, where competition for regional and specialist brokers remains intense. Larger networks are increasingly targeting established firms with niche expertise to expand their commercial portfolios and strengthen access to key local markets.
With growing demand for tailored risk solutions among SMEs and mid-market clients, JMG’s acquisitions are helping diversify its portfolio, increase scale, and maintain its client-first service model.
