County Durham insurance broker prepares for growth following acquisition

Consett based insurance broker Premier Insurance has been acquired by JMG Group, paving the way for the next chapter of growth at the firm.

Established in 2001, Premier employs nine people at its base in Consett, handling both personal and commercial insurance and working with clients across the UK.

Founder and managing director Gary Milburn will remain in post to take the business forward as part of the JMG Group. He stated that the move will give the firm a strong platform for growth and that customers can expect “business as usual”.

Gary commented: “Part of the appeal of joining JMG was their commitment to growing the business. Becoming part of the group secures the future of the business for the whole team.

“Rather than being absorbed into a call centre or moved elsewhere, the team will stay exactly as it is, with me at the helm, with the added buying power and administrative support that comes with being part of a larger organisation. This will free up time in house which our team can use to focus on the continued growth of the firm.”

JMG Group CEO Nick Houghton added: “I’m very pleased to welcome Gary and his team into the group. Gary has built an established, stable, and incredibly successful business and we see significant opportunities for it to continue to thrive as well as expanding into new product areas with the backing of the wider group.”

JMG Group was formed in 2020, when Nick Houghton and the existing management team completed an MBO from the Glendinning family. The MBO was backed by Synova, a UK based private equity firm that has invested in the group to help shape the next phase of its growth.

By Matthew Neville – Correspondent, Bdaily

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